# Current US dollar rally is a bear market correction – ING — Octa

> ING says the current dollar rally is a bear market correction after Fed minutes showed no material change in dovish tone and no near-term tapering signals. The Fed appeared comfortable with some inflation risk ahead of a spring price jump.

- Date: 2021-02-18 · published 2021-02-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/48820-current-us-dollar-rally-is-a-bear-market-correction-ing-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

If the Fed stays dovish and tolerates inflation, the dollar is likely to remain under pressure, supporting dollar-priced commodities and bond-sensitive hedging costs.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | [US Dollar: Real yields drive correction risk – ING — Octa](https://feedsoft.ai/events/18551-us-dollar-real-yields-drive-correction-risk-ing-octa.md) | -1.2% | -1.9% |
| DXY | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +0.9% | +2.8% |
| DXY | 2017-06-29 | [Dollar Bull Market Is Over](https://feedsoft.ai/events/70708-dollar-bull-market-is-over.md) | +0.3% | -1.7% |
| DXY | 2023-10-31 | [US dollar falls as markets believe Fed is done hiking rates \| Reuters](https://feedsoft.ai/events/11457-us-dollar-falls-as-markets-believe-fed-is-done-hiking-rates-reuters.md) | -1.4% | -2.9% |
| DXY | 2020-03-09 | [US dollar market sees major sell off as currency traders buy EUR](https://feedsoft.ai/events/10776-us-dollar-market-sees-major-sell-off-as-currency-traders-buy-eur.md) | +3.2% | +6.6% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/883469/

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