# US dollar drops to three-week low as traders weigh a Fed pivot - Moneyweb

> The Bloomberg Dollar Spot Index fell as much as 0.9% after weak US manufacturing, housing and consumer confidence data, as traders bet the Fed will slow its rate hikes. The 10-year Treasury yield dropped to 4.02% and the euro moved past parity with the dollar.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39327-us-dollar-drops-to-three-week-low-as-traders-weigh-a-fed-pivot-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a slower Fed pace weaken the dollar, which tends to support dollar-priced commodities and improve import affordability for feed buyers.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-14 | [Dollar drops to weakest since August as traders eye Fed pivot - Moneyweb](https://feedsoft.ai/events/8715-dollar-drops-to-weakest-since-august-as-traders-eye-fed-pivot-moneyweb.md) | -1.3% | -1.3% |
| 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 | 2021-03-11 | [Dollar drops to one-week low as inflation fears fade; ECB in focus \| Financial Post](https://feedsoft.ai/events/48345-dollar-drops-to-one-week-low-as-inflation-fears-fade-ecb-in-focus-financial-post.md) | -0.4% | -0.3% |
| DXY | 2024-06-03 | [US dollar sinks to three-week low on signs of slowing economy](https://feedsoft.ai/events/29966-us-dollar-sinks-to-three-week-low-on-signs-of-slowing-economy.md) | +1.2% | +1.9% |
| DXY | 2020-03-31 | [US dollar weakens as Fed measure weighs](https://feedsoft.ai/events/10702-us-dollar-weakens-as-fed-measure-weighs.md) | +0.7% | +0.5% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/us-dollar-drops-to-three-week-low-as-traders-weigh-a-fed-pivot/

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