# US Tech Sell-Off Challenges Risk Appetites Ahead of the FOMC snbchf.com

> Risk appetite fell as a US tech sell-off developed ahead of the US Treasury quarterly refunding and the FOMC meeting. The dollar traded higher against most major currencies.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32396-us-tech-sell-off-challenges-risk-appetites-ahead-of-the-fomc-snbchf-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar weighs on dollar-priced commodities and makes US exports less competitive. Risk-off moves can also pressure commodity prices broadly.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-31 | [USD/CAD: Risk appetite to be challenging for a while longer, weighing on the loonie – HSBC — Octa](https://feedsoft.ai/events/39350-usd-cad-risk-appetite-to-be-challenging-for-a-while-longer-weighing-on-the.md) | -0.1% | -2.8% |
| DXY | 2024-12-20 | [The Commodities Feed: Stronger USD prompts oil sell-off \| articles \| ING THINK](https://feedsoft.ai/events/26895-the-commodities-feed-stronger-usd-prompts-oil-sell-off-articles-ing-think.md) | -0.1% | -0.2% |
| DXY | 2022-08-29 | [Stocks And Bonds Sell Off, While The Dollar Rallies \| Investing.com](https://feedsoft.ai/events/40299-stocks-and-bonds-sell-off-while-the-dollar-rallies-investing-com.md) | +0.6% | +4.4% |
| DXY | 2021-02-26 | [FX Daily: Bond sell-off re-prices risk](https://feedsoft.ai/events/9592-fx-daily-bond-sell-off-re-prices-risk.md) | +0.7% | +1.9% |
| DXY | 2021-05-28 | [USD/JPY set to retest 110 ahead of US data — Octa](https://feedsoft.ai/events/47355-usd-jpy-set-to-retest-110-ahead-of-us-data-octa.md) | -0.1% | +1.0% |

## Sources

- snbchf.com: https://snbchf.com/2024/01/chandler-tech-sell-off-challenges-risk-appetites-fomc/

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