# Dollar heads for weekly drop as traders pare Fed rate hike views - Business & Finance - Business Recorder

> The dollar edged lower and was on track for a second weekly decline as traders pared expectations for further large Fed rate hikes. The dollar index fell to 101.43, its weakest since April 25, after inflation rose less in April than in recent months.

- Date: 2022-05-28 · published 2022-05-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/41616-dollar-heads-for-weekly-drop-as-traders-pare-fed-rate-hike-views-business-and
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar eases pressure on dollar-denominated commodities and can support US export prices for feed grains and oilseeds. The price effect is modest unless the Fed path shifts further.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-07-31 | [Dollar heads for biggest monthly drop in a decade as virus fuels US economy fears - Markets - Business Recorder](https://feedsoft.ai/events/52339-dollar-heads-for-biggest-monthly-drop-in-a-decade-as-virus-fuels-us-economy.md) | -0.3% | -0.6% |
| DXY | 2020-06-09 | [Dollar wallows ahead of Fed meeting, yen resilient - Business & Finance - Business Recorder](https://feedsoft.ai/events/52852-dollar-wallows-ahead-of-fed-meeting-yen-resilient-business-and-finance-business.md) | +1.1% | +0.8% |
| DXY | 2021-04-30 | [Dollar steadies in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/47821-dollar-steadies-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| DXY | 2020-06-11 | [Fed's gloomy outlook steadies dollar slide, for now - Business & Finance - Business Recorder](https://feedsoft.ai/events/52806-fed-s-gloomy-outlook-steadies-dollar-slide-for-now-business-and-finance.md) | +1.2% | +0.8% |
| DXY | 2021-04-16 | [Australia, NZ dollars set for strong weekly gains as US dollar sags - Markets - Business Recorder](https://feedsoft.ai/events/47856-australia-nz-dollars-set-for-strong-weekly-gains-as-us-dollar-sags-markets.md) | -0.3% | -0.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40176176

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