# investingLive Americas FX news wrap 28 Oct: Fed holds rates, yield curve steepens as Big Tech earnings diverge

> The Federal Reserve held rates on October 28 and the yield curve steepened as Big Tech earnings diverged. EURUSD was 1.1155, USDJPY 157.94, and AUDUSD 0.7055, with the dollar mixed across majors.

- Date: 2026-10-28 · published 2026-10-29T06:06:05.583Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/286-investinglive-americas-fx-news-wrap-28-oct-fed-holds-rates-yield-curve-steepens
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A Fed hold with a mixed dollar leaves little direct impact on feed commodities, though a weaker dollar would generally support US commodity export demand.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | [Dollar Slides After Fed Holds Rates Steady; BoE and BoJ Take Center Stage \| Investing.com](https://feedsoft.ai/events/18550-dollar-slides-after-fed-holds-rates-steady-boe-and-boj-take-center-stage.md) | -1.2% | -1.9% |
| DXY | 2019-09-18 | [A divided Fed reduces rates but may not cut again this year \| AP News](https://feedsoft.ai/events/56970-a-divided-fed-reduces-rates-but-may-not-cut-again-this-year-ap-news.md) | +0.2% | -0.3% |
| DXY | 2024-01-31 | [EMERGING MARKETS-Latin American stocks, FX hold gains after Fed policy decision; Colombia peso up after rate cut](https://feedsoft.ai/events/32405-emerging-markets-latin-american-stocks-fx-hold-gains-after-fed-policy-decision.md) | +0.3% | +0.4% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |
| DXY | 2021-09-02 | [Rates Spark: Convergence or divergence \| ING THINK](https://feedsoft.ai/events/45268-rates-spark-convergence-or-divergence-ing-think.md) | +0.2% | +1.6% |
| EURUSD | 2021-09-02 | [Rates Spark: Convergence or divergence \| ING THINK](https://feedsoft.ai/events/45268-rates-spark-convergence-or-divergence-ing-think.md) | -0.2% | -2.3% |
| EURUSD | 2023-10-26 | [ECB holds interest rates steady after 10 consecutive hikes](https://feedsoft.ai/events/33843-ecb-holds-interest-rates-steady-after-10-consecutive-hikes.md) | -0.4% | +3.3% |
| EURUSD | 2026-04-29 | [EUR/USD Holds Gains but Rate Expectations Leave Outlook Uncertain \| Investing.com](https://feedsoft.ai/events/19945-eur-usd-holds-gains-but-rate-expectations-leave-outlook-uncertain-investing-com.md) | -0.1% | -0.7% |

## Sources

- investinglive.com: https://investinglive.com/news/investinglive-americas-fx-news-wrap-28-oct-fed-holds-rates-yield-curve-steepens-as-big-tech-earnings-diverge/

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