# Dollar droops amid improved risk mood before Fed; Aussie pares gain after RBA | Financial Post

> The US dollar index fell 0.48% to 111.01 on Tuesday as traders weighed a less aggressive Federal Reserve ahead of its meeting. The Australian dollar rose from one-week lows but trailed after the RBA kept its quarter-point pace of hikes.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/38926-dollar-droops-amid-improved-risk-mood-before-fed-aussie-pares-gain-after-rba
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker dollar ahead of a possibly smaller Fed hike supports commodity prices priced in dollars, though the effect on feed markets is indirect.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-01 | [Dollar steadies, yuan slips after central bank moves to limit gains \| Financial Post](https://feedsoft.ai/events/46819-dollar-steadies-yuan-slips-after-central-bank-moves-to-limit-gains-financial.md) | -0.2% | +1.1% |
| DXY | 2022-11-15 | [Dollar loses ground after economic data boosts risk appetite \| Financial Post](https://feedsoft.ai/events/7563-dollar-loses-ground-after-economic-data-boosts-risk-appetite-financial-post.md) | +1.0% | -1.3% |
| DXY | 2019-12-12 | [Euro buoyed before ECB meeting as Fed forecast knocks dollar \| Financial Post](https://feedsoft.ai/events/55785-euro-buoyed-before-ecb-meeting-as-fed-forecast-knocks-dollar-financial-post.md) | -0.4% | -1.0% |
| DXY | 2022-11-11 | [Dollar loses shine, yuan jumps after China modifies COVID protocol \| Financial Post](https://feedsoft.ai/events/8207-dollar-loses-shine-yuan-jumps-after-china-modifies-covid-protocol-financial-post.md) | -0.7% | -1.6% |
| DXY | 2023-02-02 | [Copper prices rise as Fed messaging weakens the dollar \| Financial Post](https://feedsoft.ai/events/37237-copper-prices-rise-as-fed-messaging-weakens-the-dollar-financial-post.md) | +1.3% | +2.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-droops-amid-improved-risk-mood-before-fed-aussie-pares-gain-after-rba

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