# Asian Shares Drop, Dollar Rises On Fed Interest Rate Promise

> Asian shares fell and the dollar rose in early trading after the Fed pledged to keep rates near zero until inflation moderately exceeds its 2% target. The Fed did not offer additional stimulus, and tech shares underperformed.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/51285-asian-shares-drop-dollar-rises-on-fed-interest-rate-promise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Low-for-longer US rates and risk-off moves shape dollar strength, which affects the relative cost of US feed commodities for foreign buyers. The impact on feed prices is indirect and modest.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| DXY | 2021-10-25 | [Dollar rises from one-month low on prospect of higher interest rates \| Reuters](https://feedsoft.ai/events/7163-dollar-rises-from-one-month-low-on-prospect-of-higher-interest-rates-reuters.md) | +0.4% | +1.7% |
| DXY | 2022-08-31 | [‘King dollar’ surges as Fed presses ahead with rate rises](https://feedsoft.ai/events/40216-king-dollar-surges-as-fed-presses-ahead-with-rate-rises.md) | +0.9% | +3.6% |
| DXY | 2018-11-09 | [Gold edges down as Fed's interest rate view strengthens dollar](https://feedsoft.ai/events/61963-gold-edges-down-as-fed-s-interest-rate-view-strengthens-dollar.md) | +0.2% | +1.0% |
| DXY | 2018-06-27 | [Sterling Falls As Dollar Rises, Doubts Return Over Interest Rate Rise - Babypips.com](https://feedsoft.ai/events/64782-sterling-falls-as-dollar-rises-doubts-return-over-interest-rate-rise-babypips.md) | +0.0% | -0.3% |

## Sources

- btimesonline.com: https://www.btimesonline.com/articles/139022/20200916/asia-buying-dollars-selling-equites-taking-wait-see.htm

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