# Volatility eases but FX still sensitive to rate expectations | Convera

> The dollar made a mild comeback as expectations of Fed rate cuts faded, after the Beige Book found banking turmoil had little effect on activity or credit. Markets now price only two Fed cuts from the peak, with rates seen staying higher for longer.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36671-volatility-eases-but-fx-still-sensitive-to-rate-expectations-convera
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar on higher-for-longer US rates generally pressures dollar-priced grains and oilseeds, though the move is modest.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-02-14 | [Volatility spikes after inflation reports \| Convera](https://feedsoft.ai/events/31923-volatility-spikes-after-inflation-reports-convera.md) | -0.4% | -1.3% |
| DXY | 2023-05-23 | [Dollar Strengthens Broadly on Fed Rate Expectations \| The Epoch Times](https://feedsoft.ai/events/36139-dollar-strengthens-broadly-on-fed-rate-expectations-the-epoch-times.md) | +0.4% | -1.1% |
| DXY | 2026-02-24 | [US Dollar Firms as Fed Minutes Temper Rate-Cut Expectations \| Investing.com](https://feedsoft.ai/events/20509-us-dollar-firms-as-fed-minutes-temper-rate-cut-expectations-investing-com.md) | +0.6% | +1.7% |
| DXY | 2018-03-01 | [Gold slips to two-month low on US rate expectations](https://feedsoft.ai/events/65903-gold-slips-to-two-month-low-on-us-rate-expectations.md) | -0.1% | -0.8% |
| DXY | 2018-07-31 | [GBP/USD reverses BoE rate hike expectations bid - Scotiabank — Octa](https://feedsoft.ai/events/64273-gbp-usd-reverses-boe-rate-hike-expectations-bid-scotiabank-octa.md) | +0.6% | +0.6% |

## Sources

- convera.com: https://convera.com/blog/market-insights/fx-research/daily-market-updates/volatility-eases-but-fx-still-sensitive-to-rate-expectations/

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