# Dollar dumped after Fed cut, ball in BOJ's court for next coronavirus move

> The Federal Reserve cut its target range to 0%-0.25% on a Sunday and said it would expand its balance sheet by at least $700 billion in the coming weeks. The dollar fell against the yen in Asian trade on Monday, while traders looked to the Bank of Japan for its next move.

- Date: 2020-03-16 · published 2020-03-16T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/54044-dollar-dumped-after-fed-cut-ball-in-boj-s-court-for-next-coronavirus-move
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A zero-rate policy and large balance-sheet expansion weaken the dollar, which tends to lift dollar-priced commodities and can attract fund flows into raw materials. Feed buyers should expect firmer dollar-denominated input prices if the trend holds.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-02 | [Forex markets: Dollar dented as coronavirus damage spurs interest rate cut bets](https://feedsoft.ai/events/7169-forex-markets-dollar-dented-as-coronavirus-damage-spurs-interest-rate-cut-bets.md) | -0.8% | +4.0% |
| DXY | 2024-09-19 | [Sterling rises vs dollar after Fed; BoE in focus \| Reuters](https://feedsoft.ai/events/28566-sterling-rises-vs-dollar-after-fed-boe-in-focus-reuters.md) | -0.1% | +2.1% |
| DXY | 2021-07-29 | [Dollar Falls Broadly after Fed, Q2 GDP Next - ActionForex](https://feedsoft.ai/events/46247-dollar-falls-broadly-after-fed-q2-gdp-next-actionforex.md) | -0.3% | +0.4% |
| DXY | 2022-12-01 | [US dollar plunges in Vietnam after new Fed signal](https://feedsoft.ai/events/38538-us-dollar-plunges-in-vietnam-after-new-fed-signal.md) | -0.6% | -1.5% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/dollar-dumped-after-fed-cut-ball-in-bojs-court-for-next-coronavirus-move-idUSL4N2B900R/

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