# Dollar Remains Near Lows as Fed Shrugs Off Rising Commodity Prices

> The dollar index was flat near 90.61, close to a nine-week low, after the Fed held policy steady. Major currency pairs such as EUR/USD and AUD/USD were modestly higher against the dollar.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47514-dollar-remains-near-lows-as-fed-shrugs-off-rising-commodity-prices
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker dollar makes US-priced commodities cheaper for foreign buyers, supporting export demand and underpinning feed grain and oilseed prices.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲
- EURUSD: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/dollar-remains-near-lows-fed-030301902.html

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