# US dollar retreats as risk appetite rises, Fed rate hikes seen as done

> The U.S. dollar weakened broadly as investors bet the Federal Reserve has finished raising interest rates. Sterling held firm after the Bank of England kept rates at a 15-year high and signaled no near-term cuts. The dollar index was 0.3% lower at 106.12 in late morning trading.

- Date: 2023-11-02 · published 2023-11-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/33079-us-dollar-retreats-as-risk-appetite-rises-fed-rate-hikes-seen-as-done
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and higher risk appetite support high-yielding commodity and emerging-market currencies, which can lift dollar-priced grain and oilseed values. Buyers may see modest relief on import costs while the Fed's peak view holds.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-18 | [Dollar retreats as rate hike bets ease](https://feedsoft.ai/events/40684-dollar-retreats-as-rate-hike-bets-ease.md) | -0.8% | -2.0% |
| DXY | 2023-07-10 | [US dollar drops to three-week low as Fed rate hikes nearly done](https://feedsoft.ai/events/9980-us-dollar-drops-to-three-week-low-as-fed-rate-hikes-nearly-done.md) | -1.7% | -0.2% |
| DXY | 2021-09-23 | [Dollar slumps as risk appetite rebounds](https://feedsoft.ai/events/44962-dollar-slumps-as-risk-appetite-rebounds.md) | +1.0% | -0.0% |
| DXY | 2025-11-01 | [US dollar slips as trade optimism boosts risk appetite](https://feedsoft.ai/events/22637-us-dollar-slips-as-trade-optimism-boosts-risk-appetite.md) | +0.0% | -0.2% |
| DXY | 2023-10-31 | [US dollar falls as markets believe Fed is done hiking rates \| Reuters](https://feedsoft.ai/events/11457-us-dollar-falls-as-markets-believe-fed-is-done-hiking-rates-reuters.md) | -1.4% | -2.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/11/02/dollar-tracks-treasury-yields-lower-as-fed-stays-on-hold.html

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