# Dollar at 1-month low after Fed knock; US data disappoints - Business & Finance - Business Recorder

> The US dollar slipped to a one-month low after the Federal Reserve signalled interest rate hikes remain distant. US second-quarter GDP grew at a 6.5% annualised rate, missing economists' forecast of 8.5%.

- Date: 2021-07-30 · published 2021-07-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46246-dollar-at-1-month-low-after-fed-knock-us-data-disappoints-business-and-finance
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and lower real yields generally support dollar-priced commodities, which can lift feed grain and oilseed prices for import-dependent buyers.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-11 | [Dollar at one-week lows after benign inflation data - Markets - Business Recorder](https://feedsoft.ai/events/48346-dollar-at-one-week-lows-after-benign-inflation-data-markets-business-recorder.md) | -0.4% | -0.3% |
| DXY | 2022-05-27 | [South African rand firms as dollar sinks to a month low - Markets - Business Recorder](https://feedsoft.ai/events/41694-south-african-rand-firms-as-dollar-sinks-to-a-month-low-markets-business.md) | -0.5% | +1.2% |
| DXY | 2020-06-09 | [Dollar wallows ahead of Fed meeting, yen resilient - Business & Finance - Business Recorder](https://feedsoft.ai/events/52852-dollar-wallows-ahead-of-fed-meeting-yen-resilient-business-and-finance-business.md) | +1.1% | +0.8% |
| DXY | 2021-04-30 | [Dollar steadies in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/47821-dollar-steadies-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| DXY | 2024-10-31 | [Dollar down against major currencies - Business & Finance - Business Recorder](https://feedsoft.ai/events/28051-dollar-down-against-major-currencies-business-and-finance-business-recorder.md) | +0.7% | +1.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40109975

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