# US FX WRAP: Dollar weighs as Fed Chair Warsh abstains from hawkish surprise | Newsquawk

> The dollar weakened after Fed Chair Warsh's post-decision remarks lacked hawkish elements, with DXY trading near 102.13 against an intraday high of 102.49. Markets pared expectations of three 25bp hikes by end-2027, and the Fed held rates with two hawkish dissenters.

- Date: 2026-10-28 · published 2026-10-29T06:06:05.563Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/283-us-fx-wrap-dollar-weighs-as-fed-chair-warsh-abstains-from-hawkish-surprise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A softer dollar supports US commodity export competitiveness and dollar-denominated grain and oilseed prices, though rising long-end yields add some uncertainty.

## Read by commodity

- DXY: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-31 | [US dollar weakens as Fed measure weighs](https://feedsoft.ai/events/10702-us-dollar-weakens-as-fed-measure-weighs.md) | +0.7% | +0.5% |
| DXY | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.2% | -1.0% |
| DXY | 2022-12-01 | [Dollar down as Fed minutes, U.S. data weighs](https://feedsoft.ai/events/38841-dollar-down-as-fed-minutes-u-s-data-weighs.md) | -0.6% | -1.5% |
| DXY | 2026-01-29 | [Dollar Remains Under Pressure Despite Fed’s Hawkish Hold as Gold Surges Again \| Investing.com](https://feedsoft.ai/events/20960-dollar-remains-under-pressure-despite-fed-s-hawkish-hold-as-gold-surges-again.md) | +0.6% | +0.3% |
| DXY | 2021-06-28 | [Rand reverses dollar gains on the back of hawkish sentiment \| Freight News](https://feedsoft.ai/events/46877-rand-reverses-dollar-gains-on-the-back-of-hawkish-sentiment-freight-news.md) | +0.5% | +1.1% |

## Sources

- newsquawk.com: https://www.newsquawk.com/headlines/us-fx-wrap-dollar-weighs-as-fed-chair-warsh-abstains-from-hawkish-surprise

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