# Dollar slips after Powell embraces tapering, holds on rate hikes

> Fed Chair Jerome Powell told the Jackson Hole symposium that the timing and pace of asset-purchase tapering should not be read as a signal for when rate hikes begin. The dollar slipped after the speech, which was seen as less hawkish than some Fed officials.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/45477-dollar-slips-after-powell-embraces-tapering-holds-on-rate-hikes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A dovish-leaning Fed that separates tapering from rate hikes tends to weaken the dollar, which supports dollar-priced commodities and can firm feed input prices for importers.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-01 | [Dollar inches lower after Fed's Powell says not hiking rates anytime soon](https://feedsoft.ai/events/49342-dollar-inches-lower-after-fed-s-powell-says-not-hiking-rates-anytime-soon.md) | +0.3% | +0.5% |
| DXY | 2026-07-29 | [Dollar slips as Fed holds rates steady \| Reuters](https://feedsoft.ai/events/8418-dollar-slips-as-fed-holds-rates-steady-reuters.md) | -0.9% | -2.0% |
| DXY | 2019-12-11 | [Dollar slips to 4-month low as Fed holds rates, nixes hike hopes](https://feedsoft.ai/events/55754-dollar-slips-to-4-month-low-as-fed-holds-rates-nixes-hike-hopes.md) | -0.6% | -1.0% |
| DXY | 2022-11-02 | [US dollar falls broadly after the Fed hints at a slower pace of rate hikes](https://feedsoft.ai/events/38845-us-dollar-falls-broadly-after-the-fed-hints-at-a-slower-pace-of-rate-hikes.md) | -1.4% | -4.2% |
| DXY | 2024-11-07 | [Gold holds firm after US Fed rate cut, softer dollar](https://feedsoft.ai/events/27332-gold-holds-firm-after-us-fed-rate-cut-softer-dollar.md) | +1.0% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/world/china/dollar-euro-sterling-await-powells-jackson-hole-speech-2021-08-27/

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