# Asian shares rise on dovish Fed chair, oil up as hurricane batters Louisiana | Reuters

> Asian shares rose after dovish comments from Fed Chair Powell, while oil climbed as a hurricane battered Louisiana. Ten-year Treasury yields and the dollar index were both slightly lower, with the dollar near a two-week low.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45753-asian-shares-rise-on-dovish-fed-chair-oil-up-as-hurricane-batters-louisiana
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The hurricane threatens Gulf production and export infrastructure, which supports energy prices and adds to logistics risk for grain shipments. A softer dollar also provides some support to commodity prices.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-20 | [Sterling dips as oil rises, still set for weekly gain on hawkish BoE \| Reuters](https://feedsoft.ai/events/20433-sterling-dips-as-oil-rises-still-set-for-weekly-gain-on-hawkish-boe-reuters.md) | -0.5% | -11.3% |
| WTI | 2016-12-12 | [Canadian dollar posts fresh seven-week high as oil climbs \| Reuters](https://feedsoft.ai/events/73701-canadian-dollar-posts-fresh-seven-week-high-as-oil-climbs-reuters.md) | +0.8% | -1.3% |
| WTI | 2024-08-22 | [Oil prices settle $1 up on hopes of a US Fed rate cut next month \| Reuters](https://feedsoft.ai/events/28696-oil-prices-settle-1-up-on-hopes-of-a-us-fed-rate-cut-next-month-reuters.md) | +3.7% | +0.1% |
| WTI | 2023-04-12 | [Oil rises 2% on lower-than-expected US inflation data \| Reuters](https://feedsoft.ai/events/36559-oil-rises-2-on-lower-than-expected-us-inflation-data-reuters.md) | -0.8% | -9.6% |
| WTI | 2022-02-03 | [Canadian dollar forecasts turn more bullish as oil hits 7-year high: Reuters poll](https://feedsoft.ai/events/42925-canadian-dollar-forecasts-turn-more-bullish-as-oil-hits-7-year-high-reuters-poll.md) | +1.6% | +22.1% |
| DXY | 2022-05-05 | [Asian currencies rise on less hawkish Fed, Thai baht and Indian rupee top gainers \| Reuters](https://feedsoft.ai/events/10990-asian-currencies-rise-on-less-hawkish-fed-thai-baht-and-indian-rupee-top.md) | +0.7% | -1.2% |
| DXY | 2024-08-08 | [Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies \| Reuters](https://feedsoft.ai/events/29076-fed-easing-bets-carry-trade-unwind-turn-analysts-bullish-on-asian-currencies.md) | -0.9% | -0.9% |
| DXY | 2019-03-26 | [Mexican Peso Predicted To Rise Vs. US Dollar Amid Dovish Fed, Rising Oil Prices And Ebbing Global Recession Fears](https://feedsoft.ai/events/60303-mexican-peso-predicted-to-rise-vs-us-dollar-amid-dovish-fed-rising-oil-prices.md) | +0.5% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/business/global-markets-wrapup-1-2021-08-30/

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