# Dollar wallows ahead of Fed meeting, yen resilient - Business & Finance - Business Recorder

> The dollar steadied ahead of the Fed meeting on June 9 as profit-taking stalled gains in commodity currencies, while the yen hit a week-high. Investors weighed possible stepped-up bond buying or a dovish Fed outlook.

- Date: 2020-06-09 · published 2020-06-09T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52852-dollar-wallows-ahead-of-fed-meeting-yen-resilient-business-and-finance-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness on Fed expectations can support dollar-priced grain and oilseed contracts. The impact on feed commodities is indirect and short-term.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-04-30 | [Dollar steadies in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/47821-dollar-steadies-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| DXY | 2020-06-11 | [Fed's gloomy outlook steadies dollar slide, for now - Business & Finance - Business Recorder](https://feedsoft.ai/events/52806-fed-s-gloomy-outlook-steadies-dollar-slide-for-now-business-and-finance.md) | +1.2% | +0.8% |
| DXY | 2024-10-31 | [Dollar down against major currencies - Business & Finance - Business Recorder](https://feedsoft.ai/events/28051-dollar-down-against-major-currencies-business-and-finance-business-recorder.md) | +0.7% | +1.4% |
| DXY | 2021-01-29 | [Early trade in New York: Dollar, yen dip on month-end rebalancing - Business & Finance - Business Recorder](https://feedsoft.ai/events/49395-early-trade-in-new-york-dollar-yen-dip-on-month-end-rebalancing-business-and.md) | +0.7% | +0.7% |
| DXY | 2022-05-28 | [Dollar heads for weekly drop as traders pare Fed rate hike views - Business & Finance - Business Recorder](https://feedsoft.ai/events/41616-dollar-heads-for-weekly-drop-as-traders-pare-fed-rate-hike-views-business-and.md) | +0.0% | +2.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/1002765

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