# US dollar falls broadly after the Fed hints at a slower pace of rate hikes

> The US dollar fell broadly by about 60 pips after the FOMC statement added language about the cumulative effects of tightening and lags in policy. US 2-year yields dropped 7.7 bps to 4.46%.

- Date: 2022-11-02 · published 2022-11-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/38845-us-dollar-falls-broadly-after-the-fed-hints-at-a-slower-pace-of-rate-hikes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A signal of slower rate hikes weakens the dollar, which typically supports dollar-priced commodities and helps import demand in emerging markets.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-05-26 | [The charts that matter: the Fed hints at a more relaxed pace of rate hikes \| MoneyWeek](https://feedsoft.ai/events/64947-the-charts-that-matter-the-fed-hints-at-a-more-relaxed-pace-of-rate-hikes.md) | +0.2% | +1.5% |
| DXY | 2022-11-04 | [Dollar Falls Sharply as Fed Officials Allow for Smaller Rate Hikes](https://feedsoft.ai/events/8198-dollar-falls-sharply-as-fed-officials-allow-for-smaller-rate-hikes.md) | -2.7% | -4.3% |
| DXY | 2023-03-22 | [Dollar falls after Fed raises rates, indicates one more hike ahead](https://feedsoft.ai/events/36777-dollar-falls-after-fed-raises-rates-indicates-one-more-hike-ahead.md) | -1.0% | -1.5% |
| DXY | 2017-06-14 | [Dollar falls after Fed interest rate decision](https://feedsoft.ai/events/10197-dollar-falls-after-fed-interest-rate-decision.md) | +0.6% | -0.9% |
| DXY | 2021-07-29 | [Dollar Falls Broadly after Fed, Q2 GDP Next - ActionForex](https://feedsoft.ai/events/46247-dollar-falls-broadly-after-fed-q2-gdp-next-actionforex.md) | -0.3% | +0.4% |
| EURUSD | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | +2.4% | +4.3% |
| EURUSD | 2020-04-27 | [FX Daily: Falling interbank rates should drag the dollar lower \| articles \| ING THINK](https://feedsoft.ai/events/53819-fx-daily-falling-interbank-rates-should-drag-the-dollar-lower-articles-ing-think.md) | +1.9% | +0.9% |
| EURUSD | 2022-12-15 | [Sterling falls against dollar and euro on 'dovish' UK rate hike](https://feedsoft.ai/events/38477-sterling-falls-against-dollar-and-euro-on-dovish-uk-rate-hike.md) | -0.5% | +1.5% |

## Sources

- forexlive.com: https://www.forexlive.com/news/us-dollar-falls-broadly-after-the-fed-hints-at-a-slower-pace-of-rate-hikes-20221102/

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