# Pound highest in over a month as dollar dips on dovish Fed | Euronews

> The pound reached its highest level in over a month against the dollar on July 29, trading at $1.3869 after five straight gains. The dollar weakened after Fed Chair Powell said rate increases were 'a ways away.'

- Date: 2021-07-29 · published 2021-07-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46306-pound-highest-in-over-a-month-as-dollar-dips-on-dovish-fed-euronews
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar from dovish Fed signals tends to support dollar-priced commodities, though the effect on feed markets here is indirect.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-02 | [Dollar lower after initial claims, euro at one-month high](https://feedsoft.ai/events/45269-dollar-lower-after-initial-claims-euro-at-one-month-high.md) | +0.2% | +1.6% |
| DXY | 2023-10-27 | [Dollar eases as month-end flows weigh; eyes on Fed and BOJ](https://feedsoft.ai/events/33813-dollar-eases-as-month-end-flows-weigh-eyes-on-fed-and-boj.md) | -0.9% | -3.1% |
| DXY | 2017-07-31 | [Pound hits 10-month high of $1.32 on dollar's Trump slump](https://feedsoft.ai/events/70203-pound-hits-10-month-high-of-1-32-on-dollar-s-trump-slump.md) | +0.3% | -0.5% |
| DXY | 2021-05-31 | [Dollar set for second consecutive monthly loss vs euro and pound \| Euronews](https://feedsoft.ai/events/47295-dollar-set-for-second-consecutive-monthly-loss-vs-euro-and-pound-euronews.md) | -0.2% | +1.1% |
| DXY | 2017-07-27 | [Pound hits 10-month high against dollar after Fed caution – as it happened \| Business \| The Guardian](https://feedsoft.ai/events/70205-pound-hits-10-month-high-against-dollar-after-fed-caution-as-it-happened.md) | -0.6% | -0.5% |

## Sources

- euronews.com: https://www.euronews.com/next/2021/07/29/uk-britain-sterling

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