# USD: FOMC action to keep dollar on weaker footing – MUFG — Octa

> MUFG analysts expected the FOMC meeting to underline substantial stimulus and change its quantitative easing guidance, keeping the dollar on a weaker footing. They forecast about a 5% DXY depreciation by end-2021 and noted the 10-year real yield near -100 basis points.

- Date: 2020-12-11 · published 2020-12-11T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49846-usd-fomc-action-to-keep-dollar-on-weaker-footing-mufg-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of negative real yields and dollar weakness support commodity prices in dollar terms, which lowers the import cost of feed ingredients for overseas buyers.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-06-28 | [US dollar slightly weaker on diminishing inflation](https://feedsoft.ai/events/29962-us-dollar-slightly-weaker-on-diminishing-inflation.md) | -0.7% | -0.5% |
| DXY | 2018-02-21 | [US: Weaker dollar is here to stay – Capital Economics — Octa](https://feedsoft.ai/events/66699-us-weaker-dollar-is-here-to-stay-capital-economics-octa.md) | +0.5% | +0.3% |
| DXY | 2023-11-21 | [Gold marches ahead to the beat of a weaker US dollar](https://feedsoft.ai/events/33074-gold-marches-ahead-to-the-beat-of-a-weaker-us-dollar.md) | -0.6% | -0.7% |
| DXY | 2019-06-20 | [Sterling heads higher on weaker dollar](https://feedsoft.ai/events/58853-sterling-heads-higher-on-weaker-dollar.md) | -1.1% | -0.8% |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/869210/

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