# US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here? | Forex trading, free forex education | Forex.ca

> The US dollar weakened after Powell's Jackson Hole speech lifted equities, bonds, commodities and other currencies. Markets read the Fed's language as meaning rate hikes are further off, while Hurricane Ida cut power across large parts of the Gulf region and supported gasoline prices.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/45482-us-dollar-weakens-as-dovish-fed-lifts-stocks-bonds-commodities-and-other
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A softer dollar supports dollar-denominated commodity prices, while Gulf storm disruption adds upward pressure to energy and logistics costs for feed buyers.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-31 | [Euro Jumps Ahead of EU GDP and German CPI as US Dollar Pauses. Where to for EUR/USD? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/43342-euro-jumps-ahead-of-eu-gdp-and-german-cpi-as-us-dollar-pauses-where-to-for-eur.md) | -0.8% | -0.7% |
| DXY | 2021-07-29 | [USD/MXN Falls On Dovish Fed and U.S. GDP Data Miss \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/46278-usd-mxn-falls-on-dovish-fed-and-u-s-gdp-data-miss-forex-trading-free-forex.md) | -0.3% | +0.4% |
| DXY | 2017-07-27 | [Dovish Fed Spurs Commodity Prices and Currencies Higher - ActionForex](https://feedsoft.ai/events/69898-dovish-fed-spurs-commodity-prices-and-currencies-higher-actionforex.md) | -0.6% | -0.5% |
| DXY | 2021-05-11 | [Commodity currencies hold advantage as dollar waits for inflation and Fed \| Reuters](https://feedsoft.ai/events/47003-commodity-currencies-hold-advantage-as-dollar-waits-for-inflation-and-fed.md) | +0.3% | -0.1% |
| DXY | 2020-07-27 | [Dollar’s weakness boosts rally in commodities and currencies - Gulf Times](https://feedsoft.ai/events/5318-dollar-s-weakness-boosts-rally-in-commodities-and-currencies-gulf-times.md) | -0.8% | -0.9% |
| WTI | 2022-01-31 | [Euro Jumps Ahead of EU GDP and German CPI as US Dollar Pauses. Where to for EUR/USD? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/43342-euro-jumps-ahead-of-eu-gdp-and-german-cpi-as-us-dollar-pauses-where-to-for-eur.md) | +5.6% | +9.8% |
| WTI | 2021-05-11 | [Commodity currencies hold advantage as dollar waits for inflation and Fed \| Reuters](https://feedsoft.ai/events/47003-commodity-currencies-hold-advantage-as-dollar-waits-for-inflation-and-fed.md) | +2.0% | +8.0% |
| WTI | 2017-03-17 | [Dollar crunched by cautious Fed, bonds and commodities cheer \| Daily FT](https://feedsoft.ai/events/71922-dollar-crunched-by-cautious-fed-bonds-and-commodities-cheer-daily-ft.md) | -2.5% | +9.8% |

## Sources

- forex.ca: https://www.forex.ca/us-dollar-weakens-as-dovish-fed-lifts-stocks-bonds-commodities-and-other-currencies-where-to-from-here/

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