# Dollar Falls Broadly after Fed, Q2 GDP Next - ActionForex

> The dollar fell broadly after the Fed kept policy steady and acknowledged progress in the economy, with markets awaiting the US GDP report. Major pairs such as EUR/USD and GBP/USD moved as traders priced in slower tapering.

- Date: 2021-07-29 · published 2021-07-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46247-dollar-falls-broadly-after-fed-q2-gdp-next-actionforex
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness tends to support dollar-denominated grain and feed prices, though the effect on feed ingredients is usually modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-01-31 | [Dollar Tumbles Broadly after Dovish FOMC, More Downside Ahead - ActionForex](https://feedsoft.ai/events/61291-dollar-tumbles-broadly-after-dovish-fomc-more-downside-ahead-actionforex.md) | +0.1% | +0.4% |
| DXY | 2021-10-28 | [Euro Mildly Higher after ECB, Dollar Dips Slightly on GDP Miss - ActionForex](https://feedsoft.ai/events/44759-euro-mildly-higher-after-ecb-dollar-dips-slightly-on-gdp-miss-actionforex.md) | +0.6% | +2.5% |
| 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 | 2017-06-14 | [Dollar falls after Fed interest rate decision](https://feedsoft.ai/events/10197-dollar-falls-after-fed-interest-rate-decision.md) | +0.6% | -0.9% |
| DXY | 2022-12-01 | [Australian Dollar Flies after Powell Speech - ActionForex](https://feedsoft.ai/events/38489-australian-dollar-flies-after-powell-speech-actionforex.md) | -0.6% | -1.5% |

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/market-overview/394669-dollar-falls-broadly-after-fed-q2-gdp-next/

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