# Dollar edges down as Fed meeting minutes meet expectations

> The dollar index edged lower after minutes from the Fed's January meeting came in largely as expected. Policymakers were concerned about the risks of cutting rates too soon, and markets pushed the expected first cut to June.

- Date: 2024-02-21 · published 2024-02-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31866-dollar-edges-down-as-fed-meeting-minutes-meet-expectations
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar modestly supports dollar-priced commodities, but hawkish Fed signals limit the downside. Traders' rate expectations remain the main driver of currency moves.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-06-11 | [Baht strengthens as dollar falls after Fed meeting](https://feedsoft.ai/events/52893-baht-strengthens-as-dollar-falls-after-fed-meeting.md) | +1.2% | +0.8% |
| DXY | 2020-02-25 | [U.S. dollar falls as expectations of a Fed rate cut rise \| Financial Post](https://feedsoft.ai/events/54775-u-s-dollar-falls-as-expectations-of-a-fed-rate-cut-rise-financial-post.md) | -0.5% | +7.4% |
| DXY | 2025-11-28 | [Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations](https://feedsoft.ai/events/21879-dollar-finishes-lower-and-gold-rallies-on-fed-rate-cut-expectations.md) | -0.5% | -1.5% |
| DXY | 2024-03-20 | [Dollar weakens after Fed meeting, yen strengthens](https://feedsoft.ai/events/31389-dollar-weakens-after-fed-meeting-yen-strengthens.md) | +0.1% | +1.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-tracks-global-yields-lower-sterling-heavy-2024-02-21/

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