# US dollar trades near 14-month nadir before Powell's remarks

> The US dollar fell in European trade on Monday, extending losses for a third session and approaching 14-month lows ahead of a speech by Fed Chair Powell. The index was heading for its largest quarterly loss since late 2022 as US 10-year yields fell to 15-month lows.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28511-us-dollar-trades-near-14-month-nadir-before-powell-s-remarks
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad dollar weakness and falling US yields support dollar-priced commodities and improve the competitiveness of US exports.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-30 | [US dollar falls on dovish remarks by Fed's Powell](https://feedsoft.ai/events/32901-us-dollar-falls-on-dovish-remarks-by-fed-s-powell.md) | +0.6% | -1.2% |
| DXY | 2018-11-28 | [Dollar drops as Fed's Powell says rates near neutral](https://feedsoft.ai/events/62245-dollar-drops-as-fed-s-powell-says-rates-near-neutral.md) | -0.8% | -0.8% |
| DXY | 2024-08-20 | [FOREX Dollar hits 7-month low before Powell, Swedish crown volatile after rate cut \| Reuters](https://feedsoft.ai/events/28997-forex-dollar-hits-7-month-low-before-powell-swedish-crown-volatile-after-rate.md) | -0.2% | -0.2% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2020-03-09 | [US dollar market sees major sell off as currency traders buy EUR](https://feedsoft.ai/events/10776-us-dollar-market-sees-major-sell-off-as-currency-traders-buy-eur.md) | +3.2% | +6.6% |

## Sources

- economies.com: https://www.economies.com/forex/news/us-dollar-trades-near-14-month-nadir-before-powells-remarks-44999

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