# 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.

- Date: 2020-03-03 · published 2020-03-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/54046-the-greenback-increases-versus-the-yen-and-euro-but-falls-against-commodity
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## 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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-14 | [Dollar Rises Against Euro and Yen Following Fed Commentary](https://feedsoft.ai/events/38896-dollar-rises-against-euro-and-yen-following-fed-commentary.md) | -0.7% | -1.6% |
| DXY | 2023-01-31 | [Local Currency Depreciates Against the Greenback Ahead of Fed’s Meeting (Updated)](https://feedsoft.ai/events/38040-local-currency-depreciates-against-the-greenback-ahead-of-fed-s-meeting-updated.md) | +1.4% | +2.1% |
| DXY | 2022-10-04 | [The Aussie dollar is dropping against the US currency, but it’s not all bad news - ABC News](https://feedsoft.ai/events/39392-the-aussie-dollar-is-dropping-against-the-us-currency-but-it-s-not-all-bad-news.md) | +0.5% | +0.2% |
| DXY | 2020-07-29 | [Even the loonie is rising against the U.S. dollar as the Fed faces currency threat: Don Pittis \| CBC News](https://feedsoft.ai/events/52356-even-the-loonie-is-rising-against-the-u-s-dollar-as-the-fed-faces-currency.md) | +0.4% | -0.4% |
| DXY | 2026-01-01 | [Dollar falls versus yen after smaller-than-expected rise in US inflation, euro eases](https://feedsoft.ai/events/21690-dollar-falls-versus-yen-after-smaller-than-expected-rise-in-us-inflation-euro.md) | +0.3% | -1.5% |

## Sources

- ofx.com: https://www.ofx.com/en-us/forex-news/daily-and-weekly-market-news/2020/03/04/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/

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