# Dollar's post Fed gains fizzle as long rate pause seen | Financial Post

> The US dollar gave back its short-covering gains after the Federal Reserve held rates steady, as markets digested the policy statement. The dollar index traded nearly flat near 93.2 after touching a rise to 93.49, and remained above its two-year lows below 92 seen earlier in the month.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/51284-dollar-s-post-fed-gains-fizzle-as-long-rate-pause-seen-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar supports US commodity export competitiveness and tends to lift dollar-denominated grain and oilseed prices. Fed guidance keeping rates near zero for years argues for a softer dollar over time.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-14 | [Stocks fall, dollar pares losses after Fed forges ahead with rate hike - Financial Post](https://feedsoft.ai/events/10199-stocks-fall-dollar-pares-losses-after-fed-forges-ahead-with-rate-hike-financial.md) | +0.6% | -0.9% |
| DXY | 2022-08-17 | [Dollar pares gains as some Fed officials show caution on growth \| Reuters](https://feedsoft.ai/events/39940-dollar-pares-gains-as-some-fed-officials-show-caution-on-growth-reuters.md) | +1.1% | +2.3% |
| DXY | 2019-09-18 | [Fed cuts interest rates again, gives mixed signals on next move \| Financial Post](https://feedsoft.ai/events/56974-fed-cuts-interest-rates-again-gives-mixed-signals-on-next-move-financial-post.md) | +0.2% | -0.3% |
| DXY | 2024-02-14 | [US dollar drifts lower, consolidates gains; seen rising further](https://feedsoft.ai/events/31869-us-dollar-drifts-lower-consolidates-gains-seen-rising-further.md) | -0.4% | -1.3% |
| DXY | 2024-09-18 | [Dollar gains ground after Fed delivers bumper 50 basis point rate cut](https://feedsoft.ai/events/28505-dollar-gains-ground-after-fed-delivers-bumper-50-basis-point-rate-cut.md) | -0.4% | +1.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollars-post-fed-gains-fizzle-as-long-rate-pause-seen

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