# No Encouragement For US Dollar Bulls From A Dovish FOMC Minutes | Exchange Rates UK

> Commentary on the September FOMC minutes, which showed members open to adding stimulus such as changes to asset purchases. Central banks including the RBA, RBNZ and ECB were also signaling further easing.

- Date: 2020-10-08 · published 2020-10-08T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50559-no-encouragement-for-us-dollar-bulls-from-a-dovish-fomc-minutes-exchange-rates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of more stimulus weigh on the dollar and support commodity prices, although the commentary itself reflects no new policy action.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-30 | [Pound To Dollar Rate Forecast: Could A Dovish BoE Weigh On GBP/USD Rates This Week? \| Exchange Rates UK](https://feedsoft.ai/events/51866-pound-to-dollar-rate-forecast-could-a-dovish-boe-weigh-on-gbp-usd-rates-this.md) | +0.1% | +1.4% |
| DXY | 2020-11-05 | [Pound-Dollar Rate Rallies 1% As BoE Fails To Mention Negative Interest Rates \| Exchange Rates UK](https://feedsoft.ai/events/50419-pound-dollar-rate-rallies-1-as-boe-fails-to-mention-negative-interest-rates.md) | -0.8% | -2.9% |
| DXY | 2017-03-16 | [Why Did The US Dollar Fall Despite FED Hike? \| Exchange Rates UK](https://feedsoft.ai/events/72192-why-did-the-us-dollar-fall-despite-fed-hike-exchange-rates-uk.md) | -1.3% | -1.2% |
| DXY | 2020-08-28 | [FED Sparks Currency Rate Moves, Dollar Pares Losses, Pound-Dollar Dips From 2020 Best \| Exchange Rates UK](https://feedsoft.ai/events/51869-fed-sparks-currency-rate-moves-dollar-pares-losses-pound-dollar-dips-from-2020.md) | -0.5% | +1.0% |
| DXY | 2018-02-25 | [Dollar-Rate Breakdown Exposes Foreign-Exchange Mystery](https://feedsoft.ai/events/66695-dollar-rate-breakdown-exposes-foreign-exchange-mystery.md) | +0.6% | -0.3% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/30835/2020-10-08-no-encouragement-for-us-dollar-bulls-from-a-dovish-fomc-minutes.html

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