# Dollar up as Powell downplays chances of negative U.S. interest rates | Financial Post

> The US dollar edged higher after Fed Chair Jerome Powell rejected negative interest rates as a policy tool and warned of an extended period of weak growth. The dollar index rose 0.23% to 100.26 on the day, and traders trimmed bets on sub-zero rates.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53332-dollar-up-as-powell-downplays-chances-of-negative-u-s-interest-rates-financial
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expectations of no negative rates support the dollar's yield advantage, which tends to pressure dollar-priced commodities and can lift emerging-market currency pressure that raises local import costs for feed.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-27 | [Canadian dollar falls as China stock sell-off spooks investors \| Financial Post](https://feedsoft.ai/events/46272-canadian-dollar-falls-as-china-stock-sell-off-spooks-investors-financial-post.md) | -0.5% | +0.6% |
| DXY | 2018-10-03 | [Powell says we're 'a long way' from neutral on interest rates](https://feedsoft.ai/events/62449-powell-says-we-re-a-long-way-from-neutral-on-interest-rates.md) | +0.6% | +2.3% |
| DXY | 2023-05-26 | [C$ posts weekly decline as investors eye higher U.S. rates \| Financial Post](https://feedsoft.ai/events/36184-c-posts-weekly-decline-as-investors-eye-higher-u-s-rates-financial-post.md) | -0.7% | -1.5% |
| DXY | 2023-08-28 | [Dollar steady as Powell says higher rates may be needed - Business & Finance - Business Recorder](https://feedsoft.ai/events/34782-dollar-steady-as-powell-says-higher-rates-may-be-needed-business-and-finance.md) | +0.2% | +1.3% |
| DXY | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | +0.4% | -2.2% |
| CORN | 2021-09-23 | [Gold prices ease as dollar firms on Fed rate hike comments \| Financial Post](https://feedsoft.ai/events/44965-gold-prices-ease-as-dollar-firms-on-fed-rate-hike-comments-financial-post.md) | +1.3% | +2.0% |
| CORN | 2022-08-15 | [Soy dives on China's economic uncertainty \| Financial Post](https://feedsoft.ai/events/6526-soy-dives-on-china-s-economic-uncertainty-financial-post.md) | -1.1% | -0.5% |
| CORN | 2023-03-08 | [The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch](https://feedsoft.ai/events/37056-the-u-s-dollar-bounces-to-2023-high-as-fed-s-powell-signals-higher-rates.md) | -1.6% | -0.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-up-as-powell-downplays-chances-of-negative-u-s-interest-rates

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