# US dollar on track for biggest 2-day drop this year on dovish Fed

> The dollar fell on June 20 and was on track for its biggest two-day drop of the year after the Fed signaled it was ready to cut rates as early as July. The euro-area and Australian central banks also signaled more stimulus, and US 10-year yields fell to their lowest in over two years.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/58787-us-dollar-on-track-for-biggest-2-day-drop-this-year-on-dovish-fed
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A broad dollar decline and lower yields tend to support dollar-priced commodities and can improve the competitiveness of US exports, though the move is largely driven by monetary policy rather than grain supply.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-20 | [Forex Market: Dovish Fed spurs dollar's biggest two-day drop in a year](https://feedsoft.ai/events/7434-forex-market-dovish-fed-spurs-dollar-s-biggest-two-day-drop-in-a-year.md) | -1.1% | -0.8% |
| DXY | 2023-11-28 | [US dollar skids to 3-1/2-month low, headed for biggest monthly drop in a year](https://feedsoft.ai/events/33361-us-dollar-skids-to-3-1-2-month-low-headed-for-biggest-monthly-drop-in-a-year.md) | +0.2% | -1.1% |
| DXY | 2018-01-26 | [Dollar falls, set for biggest monthly drop in nearly 2 years](https://feedsoft.ai/events/10400-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years.md) | -0.0% | +1.1% |
| DXY | 2017-12-28 | [China's yuan rises on US dollar weakness, on track for best year since 2008 - Times of News](https://feedsoft.ai/events/67709-china-s-yuan-rises-on-us-dollar-weakness-on-track-for-best-year-since-2008.md) | -1.2% | -3.8% |
| DXY | 2023-11-30 | [US dollar falls on dovish remarks by Fed's Powell](https://feedsoft.ai/events/32901-us-dollar-falls-on-dovish-remarks-by-fed-s-powell.md) | +0.6% | -1.2% |

## Sources

- argaam.com: https://www.argaam.com/en/article/articledetail/id/614533

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