# The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK

> The New York Fed reported to Congress that the Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets in the first quarter of 2019. The dollar depreciated 0.4% on a trade-weighted basis over the quarter.

- Date: 2019-05-09 · published 2019-05-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/59249-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The report confirms no official currency intervention, so FX moves remain market-driven. It has little direct effect on feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-15 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/24857-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.8% | -2.0% |
| DXY | 2021-05-13 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/47283-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.6% | -0.9% |
| DXY | 2020-11-12 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Third Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/50328-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.5% | -1.7% |
| DXY | 2022-08-11 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/40215-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +1.1% | +3.2% |
| DXY | 2021-08-12 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/45751-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +0.4% | -0.2% |

## Sources

- newyorkfed.org: https://www.newyorkfed.org/newsevents/news/markets/2019/20190509

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