# Dollar falls after dovish FOMC meeting, Oil higher on demand pickup, Gold struggles - Forex news - Binary options

> The Fed kept rates unchanged and said it would hold them there until the economy recovers, while Chair Powell urged Congress to pass more stimulus. The dollar extended its declines, and oil rose on signs of a demand pickup.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53571-dollar-falls-after-dovish-fomc-meeting-oil-higher-on-demand-pickup-gold
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker dollar supports dollar-denominated commodity prices, and firmer crude supports biofuel and input-cost sentiment. The effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-27 | [FOMC Deflates Dollar Inflates Oil And Gold - ActionForex](https://feedsoft.ai/events/69896-fomc-deflates-dollar-inflates-oil-and-gold-actionforex.md) | -0.6% | -0.5% |
| DXY | 2020-06-11 | [Baht strengthens as dollar falls after Fed meeting](https://feedsoft.ai/events/52893-baht-strengthens-as-dollar-falls-after-fed-meeting.md) | +1.2% | +0.8% |
| DXY | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | +0.6% | +2.5% |
| DXY | 2019-01-31 | [Dollar Tumbles Broadly after Dovish FOMC, More Downside Ahead - ActionForex](https://feedsoft.ai/events/61291-dollar-tumbles-broadly-after-dovish-fomc-more-downside-ahead-actionforex.md) | +0.1% | +0.4% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |
| WTI | 2017-07-27 | [FOMC Deflates Dollar Inflates Oil And Gold - ActionForex](https://feedsoft.ai/events/69896-fomc-deflates-dollar-inflates-oil-and-gold-actionforex.md) | +2.0% | -0.4% |
| WTI | 2026-03-12 | [Offshore Yuan Falls on Strong Dollar — TradingView News](https://feedsoft.ai/events/11678-offshore-yuan-falls-on-strong-dollar-tradingview-news.md) | +10.6% | +13.9% |
| WTI | 2018-04-11 | [Strong Demand, Not OPEC, Is Pushing Oil Prices Higher \| OilPrice.com](https://feedsoft.ai/events/65723-strong-demand-not-opec-is-pushing-oil-prices-higher-oilprice-com.md) | +1.6% | +5.2% |

## Sources

- betiforex.com: https://betiforex.com/dollar-falls-after-dovish-fomc-meeting-oil-higher-on-demand-pickup-gold-struggles-3/

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