# Powell And Abe Drive Markets | Investing.com

> The dollar fell against nearly all major currencies after markets digested the Fed's formal average inflation target, hitting year lows against sterling and the Australian dollar. Japan's Prime Minister Abe signaled he would resign over health issues, and US 10-year yields rose to around 76 basis points.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51794-powell-and-abe-drive-markets-investing-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker dollar and higher yields shape cross-currency flows and can support dollar-priced commodities, while political change in Japan adds currency volatility.

## Read by commodity

- DXY: bearish ▼
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-25 | [The Commodities Feed: Jerome Powell Provides a Boost to Most Markets \| Investing.com](https://feedsoft.ai/events/23251-the-commodities-feed-jerome-powell-provides-a-boost-to-most-markets-investing.md) | -0.1% | -0.4% |
| DXY | 2025-10-01 | [After The Rate Cut: Investing Beyond U.S. Markets](https://feedsoft.ai/events/22765-after-the-rate-cut-investing-beyond-u-s-markets.md) | +0.3% | +0.3% |
| DXY | 2022-01-31 | [Why AUD And EUR Are Soaring Into RBA, ECB \| Investing.com](https://feedsoft.ai/events/43384-why-aud-and-eur-are-soaring-into-rba-ecb-investing-com.md) | -0.8% | -0.7% |
| DXY | 2025-11-27 | [US Dollar Holds Steady Near 1-Week Low as Markets Price in December Fed Cut \| Investing.com](https://feedsoft.ai/events/22146-us-dollar-holds-steady-near-1-week-low-as-markets-price-in-december-fed-cut.md) | -0.5% | -1.5% |
| DXY | 2026-07-31 | [US Dollar Hits Post-FOMC Perfect Storm \| Investing.com AU](https://feedsoft.ai/events/8422-us-dollar-hits-post-fomc-perfect-storm-investing-com-au.md) | -0.1% | -1.1% |

## Sources

- investing.com: https://www.investing.com/analysis/powell-and-abe-drive-markets-200535604

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