# Dollar, Sterling Fall Ahead Of Fed, BoE Meetings Amid Banking Stress

> The dollar and sterling fell as bets grew that banking stress could limit further Fed and Bank of England rate hikes. Markets priced an 85% chance of a 25-basis-point Fed hike, and Moody's cut its outlook on the US banking system to negative.

- Date: 2023-03-21 · published 2023-03-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37061-dollar-sterling-fall-ahead-of-fed-boe-meetings-amid-banking-stress
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower rate expectations and a softer dollar tend to support dollar-denominated grain and meal prices, while banking stress adds volatility to credit conditions for feed buyers.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-07-24 | [Dollar falls, short yen trades squared ahead of BOJ and Fed meetings \| Reuters](https://feedsoft.ai/events/29461-dollar-falls-short-yen-trades-squared-ahead-of-boj-and-fed-meetings-reuters.md) | +0.7% | -1.3% |
| DXY | 2020-06-09 | [Dollar wallows ahead of Fed meeting, yen resilient - Business & Finance - Business Recorder](https://feedsoft.ai/events/52852-dollar-wallows-ahead-of-fed-meeting-yen-resilient-business-and-finance-business.md) | +1.1% | +0.8% |
| 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% |
| DXY | 2024-01-11 | [Sterling gains vs dollar ahead of US inflation data](https://feedsoft.ai/events/32373-sterling-gains-vs-dollar-ahead-of-us-inflation-data.md) | +0.9% | +1.1% |
| CORN | 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) | +1.1% | -3.7% |
| CORN | 2023-03-28 | [U.S. Dollar Weakens Against Basket of Peers as Banking Crisis Concerns Ease \| FXEmpire](https://feedsoft.ai/events/37057-u-s-dollar-weakens-against-basket-of-peers-as-banking-crisis-concerns-ease.md) | +0.2% | -1.0% |
| CORN | 2019-06-17 | [FX Talking: The beginning of the end of the dollar’s rally \| reports \| ING THINK](https://feedsoft.ai/events/9810-fx-talking-the-beginning-of-the-end-of-the-dollar-s-rally-reports-ing-think.md) | -0.8% | -0.8% |

## Sources

- forbesmiddleeast.com: https://www.forbesmiddleeast.com/industry/economy/dollar-sterling-fall-ahead-of-fed-boe-meetings-amid-bets-of-further-rate-hikes

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