# United States Fed Interest Rate Decision meets forecasts (0.25%) — Octa

> The FOMC left the federal funds target range at 0.25% as expected. The dollar strengthened modestly and EUR/USD fell to lows near 1.1765 after the statement.

- Date: 2021-07-28 · published 2021-07-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46250-united-states-fed-interest-rate-decision-meets-forecasts-0-25-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar after the Fed decision makes dollar-priced feed commodities slightly more expensive for foreign buyers, though the move was small.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-31 | [Market Awaits Fed Interest Rate Decision, Rupiah Potential to Weaken](https://feedsoft.ai/events/29613-market-awaits-fed-interest-rate-decision-rupiah-potential-to-weaken.md) | -0.5% | -1.9% |
| DXY | 2026-06-30 | [United States Dollar Index strengthens above 101.00 on Fed rate hike bets](https://feedsoft.ai/events/19015-united-states-dollar-index-strengthens-above-101-00-on-fed-rate-hike-bets.md) | -0.1% | -0.3% |
| DXY | 2022-01-26 | [Bank of Canada interest rate decision: what you need to know](https://feedsoft.ai/events/43395-bank-of-canada-interest-rate-decision-what-you-need-to-know.md) | +0.2% | -0.4% |
| DXY | 2022-10-28 | [Ringgit extends downtrend vs dollar ahead of US fed decision on interest rates next week \| Malay Mail](https://feedsoft.ai/events/39383-ringgit-extends-downtrend-vs-dollar-ahead-of-us-fed-decision-on-interest-rates.md) | +1.2% | -2.4% |
| DXY | 2024-03-28 | [The US Dollar Holds Strong as Interest Rate Cuts Are Expected to Be More Gradual in the United States - Desjardins](https://feedsoft.ai/events/31438-the-us-dollar-holds-strong-as-interest-rate-cuts-are-expected-to-be-more.md) | +0.0% | +1.6% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/915200/

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