# Dollar edges up in steady markets before central bank meetings

> The US dollar edged up modestly in narrow trading ahead of central bank meetings, with the dollar index at 93.93. Analysts expected the dollar to hold steady pending a slew of central bank decisions and economic data, and US consumer confidence came in above expectations.

- Date: 2021-11-01 · published 2021-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44745-dollar-edges-up-in-steady-markets-before-central-bank-meetings
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Range-bound dollar trading with no new driver leaves little direct impact on feed commodity prices, though a firmer dollar would modestly pressure dollar-priced grain and meal.

## Read by commodity

- DXY: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2021/10/26/forex-markets-dollar-central-bank-meetings.html

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