# The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter - FEDERAL RESERVE BANK of NEW YORK

> The New York Fed reported that the Federal Reserve and Treasury did not intervene in FX markets in April-June 2022. The broad dollar index rose 4.9% in the second quarter, driven by growth-slowdown concerns and wide rate differentials.

- Date: 2022-08-11 · published 2022-08-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/40215-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The report confirms that dollar strength was driven by market forces and rate differentials rather than policy intervention, supporting the view that the dollar trend persists and weighs on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-19 | [Press release: Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review](https://feedsoft.ai/events/10324-press-release-markets-swing-on-changing-perceptions-of-the-policy-outlook-bis.md) | +1.9% | +2.2% |
| DXY | 2019-11-20 | [Federal Reserve members unanimously reject negative interest rates: minutes - The Business Times](https://feedsoft.ai/events/55965-federal-reserve-members-unanimously-reject-negative-interest-rates-minutes-the.md) | +0.4% | -0.8% |
| DXY | 2025-02-28 | [SovEcon: Russian and global grain market news – February 28, 2025 - The Sizov Report blog](https://feedsoft.ai/events/26075-sovecon-russian-and-global-grain-market-news-february-28-2025-the-sizov-report.md) | -1.5% | -1.3% |
| DXY | 2022-01-28 | [Financial Markets Report - Fourth Quarter 2021 \| Banco de la República](https://feedsoft.ai/events/43412-financial-markets-report-fourth-quarter-2021-banco-de-la-republica.md) | -0.9% | -0.6% |
| DXY | 2019-05-01 | [Federal Reserve Board - Federal Reserve issues FOMC statement](https://feedsoft.ai/events/58993-federal-reserve-board-federal-reserve-issues-fomc-statement.md) | +0.2% | +1.1% |

## Sources

- newyorkfed.org: https://www.newyorkfed.org/newsevents/news/markets/2022/20220811

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