# Forex Today: Fed sent the dollar  further lower — Octa

> The dollar ended lower against most major currencies after the Fed held its benchmark rate at 0-0.25% and signaled rates would stay there until 2022. The Fed will keep buying Treasuries and mortgage-backed securities at the current pace. Gold spot closed near $1,736.60 an ounce.

- Date: 2020-06-10 · published 2020-06-10T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52525-forex-today-fed-sent-the-dollar-further-lower-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dovish Fed guidance weakens the dollar, which generally supports dollar-priced commodities and can help export demand. The effect on feed markets is a currency-driven shift rather than a supply or demand change.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |
| DXY | 2020-09-11 | [Lower-for-longer rates from the Fed point to a weaker-for-longer dollar](https://feedsoft.ai/events/51287-lower-for-longer-rates-from-the-fed-point-to-a-weaker-for-longer-dollar.md) | -0.4% | +0.2% |
| DXY | 2020-10-20 | [US Dollar Lower For Third Day - ADM Investor Services](https://feedsoft.ai/events/50815-us-dollar-lower-for-third-day-adm-investor-services.md) | -0.1% | -1.5% |
| DXY | 2024-09-30 | [US Dollar Forecast: Fed’s easing weighs on the Dollar](https://feedsoft.ai/events/28507-us-dollar-forecast-fed-s-easing-weighs-on-the-dollar.md) | +0.9% | +3.1% |
| DXY | 2026-01-30 | [Why the US dollar hit a four-year low and could fall further](https://feedsoft.ai/events/21238-why-the-us-dollar-hit-a-four-year-low-and-could-fall-further.md) | +0.9% | +0.3% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/827881/

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