◂ Event Timeline

Mar 3, 2020MACROGlobal

The Greenback increases versus the Yen and Euro, but falls against commodity currencies following an emergency move by the Fed not seen since the 2008 crisis. - OFX (US)

The US dollar traded mixed against G10 currencies on March 4 after the Fed's emergency 50 basis point cut. The dollar gained against the yen and euro but weakened against commodity currencies, and the January ADP figure was revised lower.

WHY IT MATTERS

Mixed dollar moves reduce the clear directional signal for dollar-priced commodities. The weakness against commodity currencies such as AUD matters for exporters of feed grains and oilseeds.

AFFECTSUS Dollar (Broad)

SOURCE
ofx.comWednesdayMar 3, 2020

Price reaction & history

US Dollar (Broad)no directional readSO FAR1d -0.3%5d +0.3%20d +5.5%

After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.

Nov 14, 2022Dollar Rises Against Euro and Yen Following Fed Commentary-0.7%
Jan 31, 2023Local Currency Depreciates Against the Greenback Ahead of Fed’s Meeting (Updated)+1.4%
Oct 4, 2022The Aussie dollar is dropping against the US currency, but it’s not all bad news - ABC News+0.5%
Jul 29, 2020Even the loonie is rising against the U.S. dollar as the Fed faces currency threat: Don Pittis | CBC News+0.4%
Jan 1, 2026Dollar falls versus yen after smaller-than-expected rise in US inflation, euro eases+0.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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