# Dollar slides near two-week lows as Fed pledges low rates

> The dollar hovered near two-week lows after soft U.S. core inflation data and Fed Chair Powell reiterating that rates will stay low for a long time. The euro and sterling traded near multi-week highs against the dollar.

- Date: 2021-02-11 · published 2021-02-11T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/48817-dollar-slides-near-two-week-lows-as-fed-pledges-low-rates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of easy Fed policy weaken the dollar, which tends to lift dollar-denominated commodity prices and support export competitiveness for feed ingredients.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-10 | [US dollar drops to three-week low as Fed rate hikes nearly done](https://feedsoft.ai/events/9980-us-dollar-drops-to-three-week-low-as-fed-rate-hikes-nearly-done.md) | -1.7% | -0.2% |
| DXY | 2019-12-11 | [Dollar slips to 4-month low as Fed holds rates, nixes hike hopes](https://feedsoft.ai/events/55754-dollar-slips-to-4-month-low-as-fed-holds-rates-nixes-hike-hopes.md) | -0.6% | -1.0% |
| DXY | 2018-11-28 | [Dollar drops as Fed's Powell says rates near neutral](https://feedsoft.ai/events/62245-dollar-drops-as-fed-s-powell-says-rates-near-neutral.md) | -0.8% | -0.8% |
| DXY | 2023-08-30 | [Dollar falls to two-week low as economic data softens](https://feedsoft.ai/events/34779-dollar-falls-to-two-week-low-as-economic-data-softens.md) | +1.3% | +2.3% |
| DXY | 2026-07-29 | [Dollar slips as Fed holds rates steady \| Reuters](https://feedsoft.ai/events/8418-dollar-slips-as-fed-holds-rates-steady-reuters.md) | -0.9% | -2.0% |
| EURUSD | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.5% | +0.7% |
| EURUSD | 2022-12-01 | [Dollar down as Fed minutes, U.S. data weighs](https://feedsoft.ai/events/38841-dollar-down-as-fed-minutes-u-s-data-weighs.md) | +1.8% | +3.3% |
| EURUSD | 2020-02-28 | [Forex: US Dollar's Appeal Fades As Rate Cut Looms](https://feedsoft.ai/events/54802-forex-us-dollar-s-appeal-fades-as-rate-cut-looms.md) | +2.0% | +0.4% |

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/dollar-loiters-near-two-week-low-after-soft-u-s-inflation/

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