# Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates | Reuters

> Global equities slid and the dollar firmed after the Federal Reserve pledged to hold rates near zero until at least 2023 and keep its bond-buying in place. Longer-term Treasury yields and gold edged higher, while oil rose over 2% as Hurricane Sally shut U.S. offshore output and crude inventories unexpectedly fell.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/51031-global-shares-slip-dollar-gains-as-fed-sticks-to-agenda-of-near-zero-rates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Dovish Fed policy supports commodity prices via a weaker dollar expectation, but the dollar firmed on the day, and energy prices rose on supply disruption from the hurricane. Feed-relevant impact is mainly through energy and macro currents.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2020-09-16 | 1 | +3.9% | 3.1 | On Sept 16 oil rose over 2% as Sally cut offshore output and US crude inventories unexpectedly fell (a bullish draw), which fits the day's gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-26 | [Globals stock slide on inflation fears, dollar gains \| Reuters](https://feedsoft.ai/events/9587-globals-stock-slide-on-inflation-fears-dollar-gains-reuters.md) | +0.7% | +1.9% |
| DXY | 2021-02-26 | [GLOBAL MARKETS-Stocks try to recover from bond whiplash, dollar gains By Reuters](https://feedsoft.ai/events/10601-global-markets-stocks-try-to-recover-from-bond-whiplash-dollar-gains-by-reuters.md) | +0.7% | +1.9% |
| DXY | 2023-07-31 | [Dollar gains after Fed loan survey, yen slips By Reuters](https://feedsoft.ai/events/35219-dollar-gains-after-fed-loan-survey-yen-slips-by-reuters.md) | +0.9% | +2.3% |
| DXY | 2022-11-02 | [Dollar regains strength as Powell dashes hope of a Fed pause \| Reuters](https://feedsoft.ai/events/38842-dollar-regains-strength-as-powell-dashes-hope-of-a-fed-pause-reuters.md) | -1.4% | -4.2% |
| DXY | 2020-12-31 | [GLOBAL MARKETS Wall Street inches higher, dollar gains as tumultuous year nears finish line \| Reuters](https://feedsoft.ai/events/49842-global-markets-wall-street-inches-higher-dollar-gains-as-tumultuous-year-nears.md) | -0.0% | +1.0% |
| WTI | 2026-09-11 | [Dollar holds gains, yen slips as Mideast energy shock deepens \| Reuters](https://feedsoft.ai/events/17643-dollar-holds-gains-yen-slips-as-mideast-energy-shock-deepens-reuters.md) | -0.4% | -7.0% |
| WTI | 2021-07-28 | [Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail](https://feedsoft.ai/events/46270-canadian-dollar-gains-as-fed-readies-new-money-market-facilities-the-globe-and.md) | -1.5% | -5.8% |
| WTI | 2026-09-08 | [Yen extends rally to new seven-month high; dollar subdued ahead of CPI \| Reuters](https://feedsoft.ai/events/17707-yen-extends-rally-to-new-seven-month-high-dollar-subdued-ahead-of-cpi-reuters.md) | +9.2% | +3.1% |

## Sources

- reuters.com: https://www.reuters.com/article/business/global-shares-slip-dollar-gains-as-fed-sticks-to-agenda-of-near-zero-rates-idUSKBN2663K2/

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