◂ Event Timeline

Feb 7, 2024MACROUS

Dollar slips as market awaits new data for direction

The dollar slid on Wednesday, consolidating a bounce from strong US economic data and Federal Reserve pushback against expectations of imminent rate cuts. Traders awaited fresh data for direction.

WHY IT MATTERS

A firmer dollar on delayed Fed easing tends to weigh on US dollar-priced grains and soymeal exports, while a weaker dollar supports them.

AFFECTSUS Dollar (Broad)▼

SOURCE
reuters.comHerbert Lash, Joice AlvesFeb 7, 2024

Price reaction & history

US Dollar (Broad)▼bearishSO FAR1d -0.0%5d +0.5%20d -0.4%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

Jul 29, 2026Dollar slips as Fed holds rates steady | Reuters-0.9%
Jul 31, 2026Dollar slips against yen as intervention risks drag | Reuters-0.1%
Aug 29, 2025Dollar Slips as PCE Data Meets Forecasts, Fed Cut Bets Build-0.1%
Jan 25, 2026Dollar slips across the board as intervention risk lifts yen | Reuters-0.8%
Oct 21, 2026Dollar dips as traders wait on Fed; Aussie gains By Reuters+0.5%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

——— · ·

Loading…