# FX Daily: Fed discord delays dollar drop | ING THINK

> ING reports that Powell's press conference showed strong Fed disagreement on the policy path, with a December cut no longer a foregone conclusion. Market pricing for a December 25bp cut fell to about 70% from roughly 100%. The yen and Swiss franc were the most exposed to the firmer dollar.

- Date: 2025-10-30 · published 2025-10-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/22615-fx-daily-fed-discord-delays-dollar-drop-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Higher short-end US rates support the dollar and weigh on dollar-priced commodities, while commodity currencies held up better on easing US-China tensions.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | [FX Daily: Dollar boom \| ING THINK](https://feedsoft.ai/events/7376-fx-daily-dollar-boom-ing-think.md) | +0.1% | -0.4% |
| DXY | 2021-06-17 | [FX Daily: The Fed disrupting the calm \| articles \| ING THINK](https://feedsoft.ai/events/6129-fx-daily-the-fed-disrupting-the-calm-articles-ing-think.md) | +1.1% | +1.7% |
| DXY | 2020-03-13 | [FX daily: Dislocation, dislocation, dislocation \| articles \| ING THINK](https://feedsoft.ai/events/6276-fx-daily-dislocation-dislocation-dislocation-articles-ing-think.md) | +3.8% | +1.6% |
| DXY | 2024-02-05 | [FX Daily: Flip Flop \| articles \| ING THINK](https://feedsoft.ai/events/31892-fx-daily-flip-flop-articles-ing-think.md) | +0.1% | -0.0% |
| DXY | 2024-04-12 | [FX Daily: From Fed dependence to Fed divergence \| articles \| ING THINK](https://feedsoft.ai/events/9972-fx-daily-from-fed-dependence-to-fed-divergence-articles-ing-think.md) | +1.1% | +0.5% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-fed-discord-delays-dollar-drop/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.