# US dollar dives to 7-week low against yen on Fed rate cut hint | Malay Mail

> The dollar slid to a seven-week low against the yen after Fed Chair Powell said the central bank would act as appropriate to support the economy amid coronavirus risks. A March rate cut of at least 25 basis points became fully priced in, and the dollar index fell about 1% for the week.

- Date: 2020-02-29 · published 2020-02-29T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/54819-us-dollar-dives-to-7-week-low-against-yen-on-fed-rate-cut-hint-malay-mail
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of Fed easing weaken the dollar, which supports dollar-priced commodities and can lower borrowing costs for feed inventories, though demand risks remain.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-02 | [Yen, euro gain on dollar as Fed rate cut talks heat up \| Malay Mail](https://feedsoft.ai/events/6189-yen-euro-gain-on-dollar-as-fed-rate-cut-talks-heat-up-malay-mail.md) | -0.8% | +4.0% |
| DXY | 2023-12-27 | [Dollar hits 5-mth low against euro as Fed seen closer to rate cuts](https://feedsoft.ai/events/32899-dollar-hits-5-mth-low-against-euro-as-fed-seen-closer-to-rate-cuts.md) | +0.7% | +1.6% |
| DXY | 2024-10-31 | [Dollar falls against yen, US data leaves rate cut hopes intact \| Reuters](https://feedsoft.ai/events/28067-dollar-falls-against-yen-us-data-leaves-rate-cut-hopes-intact-reuters.md) | +0.7% | +1.4% |
| DXY | 2023-07-10 | [US dollar drops to three-week low as Fed rate hikes nearly done](https://feedsoft.ai/events/9980-us-dollar-drops-to-three-week-low-as-fed-rate-hikes-nearly-done.md) | -1.7% | -0.2% |
| DXY | 2020-11-09 | [Ringgit surges against US dollar at close \| Malay Mail](https://feedsoft.ai/events/50409-ringgit-surges-against-us-dollar-at-close-malay-mail.md) | -0.1% | -1.7% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money---international/2020/02/29/us-dollar-dives-to-7-week-low-against-yen-on-fed-rate-cut-hint/1842051

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