# Dollar pares gains as some Fed officials show caution on growth | Reuters

> The dollar pared gains after minutes from the Fed's July meeting showed officials worried the central bank could raise rates too far. The minutes signalled caution about the growth outlook.

- Date: 2022-08-17 · published 2022-08-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39940-dollar-pares-gains-as-some-fed-officials-show-caution-on-growth-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Easing dollar pressure on the margin is mildly supportive for dollar-priced commodities, though the effect is small.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-02 | [Dollar gives back gains, strong wage growth complicates Fed policy](https://feedsoft.ai/events/38422-dollar-gives-back-gains-strong-wage-growth-complicates-fed-policy.md) | +0.3% | -0.5% |
| DXY | 2020-09-17 | [Dollar's post Fed gains fizzle as long rate pause seen \| Financial Post](https://feedsoft.ai/events/51284-dollar-s-post-fed-gains-fizzle-as-long-rate-pause-seen-financial-post.md) | +1.6% | +0.6% |
| DXY | 2022-06-22 | [Dollar slips as global growth worries fester](https://feedsoft.ai/events/41181-dollar-slips-as-global-growth-worries-fester.md) | -0.0% | +1.6% |
| DXY | 2021-03-10 | [Dollar claws back some losses as U.S. yields stabilise \| Reuters](https://feedsoft.ai/events/48317-dollar-claws-back-some-losses-as-u-s-yields-stabilise-reuters.md) | -0.8% | -0.7% |
| DXY | 2024-09-18 | [Dollar gains ground after Fed delivers bumper 50 basis point rate cut](https://feedsoft.ai/events/28505-dollar-gains-ground-after-fed-delivers-bumper-50-basis-point-rate-cut.md) | -0.4% | +1.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/major-currencies-hold-steady-ahead-fed-minutes-rbnz-2022-08-17/

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