# Take Five: U.S. money market ruckus - one-off or warning? | Financial Post

> Reuters' Take Five examines a sudden spike in US repo rates that forced the New York Fed to intervene four times. The episode pushed the Fed funds rate toward the top of its 1.75-2.0% target range. Analysts remain unsure whether the stress was a one-off or a warning of systemic risk.

- Date: 2019-09-20 · published 2019-09-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/57276-take-five-u-s-money-market-ruckus-one-off-or-warning-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Funding stress in dollar markets can tighten global dollar liquidity and affect offshore borrowers, including those who buy US feed commodities. If the stress persists, it could drive dollar volatility that flows through to commodity pricing.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-07-28 | [Euro off two-year highs before Fed meeting \| Financial Post](https://feedsoft.ai/events/52333-euro-off-two-year-highs-before-fed-meeting-financial-post.md) | +0.4% | -0.4% |
| DXY | 2021-10-13 | [S.Korea's won and Philippine peso rise, U.S. inflation in focus \| Financial Post](https://feedsoft.ai/events/44799-s-korea-s-won-and-philippine-peso-rise-u-s-inflation-in-focus-financial-post.md) | -1.0% | -0.9% |
| DXY | 2019-09-18 | [Fed cuts interest rates again, gives mixed signals on next move \| Financial Post](https://feedsoft.ai/events/56974-fed-cuts-interest-rates-again-gives-mixed-signals-on-next-move-financial-post.md) | +0.2% | -0.3% |
| DXY | 2021-01-26 | [S.African rand weakens on stimulus nerves; IMF forecast lifts lira \| Financial Post](https://feedsoft.ai/events/49432-s-african-rand-weakens-on-stimulus-nerves-imf-forecast-lifts-lira-financial-post.md) | +0.5% | +0.0% |
| DXY | 2021-05-19 | [Risk of spillovers from US equity market corrections to euro area markets and financial conditions](https://feedsoft.ai/events/47297-risk-of-spillovers-from-us-equity-market-corrections-to-euro-area-markets-and.md) | +0.0% | +0.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/take-five-u-s-money-market-ruckus-one-off-or-warning

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