# FX Daily

> The Brazilian real opened lower against the dollar ahead of the Federal Reserve decision, with the dollar index near two-year lows. Markets expected the Fed to keep rates near zero and stay expansionary, while attention focused on US stimulus negotiations.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52314-fx-daily
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A weak dollar supports dollar-priced grains and oilseeds and makes US exports more competitive abroad. Expectations of continued easy policy keep commodity-linked currencies and feed prices supported.

## Read by commodity

- DXY: bearish ▼
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-14 | [FX Daily: The mother of all corrections \| ING THINK](https://feedsoft.ai/events/7561-fx-daily-the-mother-of-all-corrections-ing-think.md) | -0.7% | -1.6% |
| DXY | 2023-11-21 | [FX Daily: Renminbi shorts on the run \| articles \| ING THINK](https://feedsoft.ai/events/12028-fx-daily-renminbi-shorts-on-the-run-articles-ing-think.md) | -0.6% | -0.7% |
| DXY | 2025-05-30 | [FX Daily: Softer US spending weighs on the dollar \| ING THINK](https://feedsoft.ai/events/24860-fx-daily-softer-us-spending-weighs-on-the-dollar-ing-think.md) | -0.5% | -1.6% |
| DXY | 2021-04-28 | [FX Daily: The patient Fed and the “nervous” dollar \| articles \| ING THINK](https://feedsoft.ai/events/47788-fx-daily-the-patient-fed-and-the-nervous-dollar-articles-ing-think.md) | +0.3% | -1.0% |
| DXY | 2024-01-24 | [FX Daily: Unwinding the spurious dollar rally \| articles \| ING THINK](https://feedsoft.ai/events/32330-fx-daily-unwinding-the-spurious-dollar-rally-articles-ing-think.md) | -0.4% | -0.1% |
| USDBRL | 2019-11-27 | [FX Daily: Brazil intervenes to prop up real but is it enough? \| articles \| ING THINK](https://feedsoft.ai/events/56275-fx-daily-brazil-intervenes-to-prop-up-real-but-is-it-enough-articles-ing-think.md) | -1.7% | -4.7% |
| USDBRL | 2022-03-25 | [FX Weekly Summary (Brazil Issue)](https://feedsoft.ai/events/42474-fx-weekly-summary-brazil-issue.md) | -1.9% | -4.1% |
| USDBRL | 2025-04-28 | [FX Weekly Overview (Brazil Issue)](https://feedsoft.ai/events/25313-fx-weekly-overview-brazil-issue.md) | -0.6% | +0.1% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/fx-daily-2020-07-29/

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