# Dollar slips to 4-month low as Fed holds rates, nixes hike hopes

> The dollar index fell to a four-month low of about 97.1 after the Federal Reserve held rates at 1.50% to 1.75% and Chair Powell said a significant, persistent inflation rise would be needed to hike. The Fed expects moderate growth and low unemployment through 2020.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/55754-dollar-slips-to-4-month-low-as-fed-holds-rates-nixes-hike-hopes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar tends to lift dollar-denominated grain and oilseed prices by making exports cheaper for foreign buyers, while a steady Fed reduces the chance of tightening that would strengthen the dollar.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-29 | [Dollar slips as Fed holds rates steady \| Reuters](https://feedsoft.ai/events/8418-dollar-slips-as-fed-holds-rates-steady-reuters.md) | -0.9% | -2.0% |
| 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 | 2023-08-01 | [Gold scales 1-month peak as dollar, yields drop on rate-hike pause hopes](https://feedsoft.ai/events/34959-gold-scales-1-month-peak-as-dollar-yields-drop-on-rate-hike-pause-hopes.md) | +1.1% | +2.1% |
| DXY | 2022-06-15 | [Dollar dips as Fed hikes rates, flags slowing economy](https://feedsoft.ai/events/7713-dollar-dips-as-fed-hikes-rates-flags-slowing-economy.md) | -0.9% | +2.0% |
| DXY | 2021-02-11 | [Dollar slides near two-week lows as Fed pledges low rates](https://feedsoft.ai/events/48817-dollar-slides-near-two-week-lows-as-fed-pledges-low-rates.md) | +0.5% | +1.2% |
| CORN | 2023-03-13 | [Dollar slides as Fed rate hike outlook tumbles after SVB collapse](https://feedsoft.ai/events/37051-dollar-slides-as-fed-rate-hike-outlook-tumbles-after-svb-collapse.md) | +0.8% | +0.8% |
| CORN | 2024-08-02 | [Dollar hits four-month low as weak US jobs data boosts rate cut bets](https://feedsoft.ai/events/9285-dollar-hits-four-month-low-as-weak-us-jobs-data-boosts-rate-cut-bets.md) | -0.6% | -2.2% |
| CORN | 2022-03-18 | [Why traders sell dollars after Fed vowed to aggressively hike rates? - CGTN](https://feedsoft.ai/events/42439-why-traders-sell-dollars-after-fed-vowed-to-aggressively-hike-rates-cgtn.md) | +0.0% | +6.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/12/11/forex-markets-uk-elections-federal-reserve-in-focus.html

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