# Dollar dips as bonds stabilize, while sterling, NZ dollar gain

> The dollar dipped as U.S. Treasury yields paused their rapid rise, while sterling and the New Zealand dollar gained on expectations of earlier interest rate hikes. The dollar index fell to 93.67, its lowest since late September, and New Zealand's dollar rose after its fastest consumer inflation in over a decade.

- Date: 2021-10-19 · published 2021-10-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44741-dollar-dips-as-bonds-stabilize-while-sterling-nz-dollar-gain
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker dollar lifts the relative value of foreign currencies, which can make US commodity exports cheaper for overseas buyers, but the moves here are largely driven by rates and positioning rather than the feed trade directly.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: neutral
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-07 | [Euro, sterling bounce, dollar drops as investors cash in](https://feedsoft.ai/events/6252-euro-sterling-bounce-dollar-drops-as-investors-cash-in.md) | -2.9% | -3.2% |
| DXY | 2019-10-18 | [Dollar weak as Brexit deal boosts euro; sterling in check](https://feedsoft.ai/events/56788-dollar-weak-as-brexit-deal-boosts-euro-sterling-in-check.md) | -0.1% | +0.2% |
| DXY | 2022-09-28 | [Sterling, euro rally against dollar after Bank of England buys UK bonds](https://feedsoft.ai/events/39830-sterling-euro-rally-against-dollar-after-bank-of-england-buys-uk-bonds.md) | -1.8% | -1.5% |
| DXY | 2024-01-11 | [Sterling gains vs dollar ahead of US inflation data](https://feedsoft.ai/events/32373-sterling-gains-vs-dollar-ahead-of-us-inflation-data.md) | +0.9% | +1.1% |
| DXY | 2023-03-30 | [Sterling set for biggest monthly gain vs dollar since November](https://feedsoft.ai/events/37118-sterling-set-for-biggest-monthly-gain-vs-dollar-since-november.md) | -0.4% | -0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/10/19/forex-markets-dollar-federal-reserve.html

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