# Dollar on defensive as market awaits Fed decision, euro edges up - The HinduBusinessLine

> The dollar index was broadly steady near 96.39 in early Asian trade on March 20, after hitting its lowest level since March 1. Traders were waiting for the Federal Reserve's policy decision later that day, with expectations of a dovish tone.

- Date: 2019-03-20 · published 2019-03-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/60265-dollar-on-defensive-as-market-awaits-fed-decision-euro-edges-up-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar ahead of the Fed supports dollar-priced commodities and can lift export demand for US feed grains, though the move is modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-02 | [Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine](https://feedsoft.ai/events/6185-dollar-takes-a-back-seat-as-markets-bet-on-fed-rate-cuts-the-hindubusinessline.md) | -0.8% | +4.0% |
| DXY | 2018-07-31 | [Yen strengthens against dollar ahead of BoJ decision - The HinduBusinessLine](https://feedsoft.ai/events/64285-yen-strengthens-against-dollar-ahead-of-boj-decision-the-hindubusinessline.md) | +0.6% | +0.6% |
| DXY | 2018-01-25 | [Dollar stung by Mnuchin comments, euro awaits ECB's currency views - The HinduBusinessLine](https://feedsoft.ai/events/67193-dollar-stung-by-mnuchin-comments-euro-awaits-ecb-s-currency-views-the.md) | -0.3% | +0.7% |
| DXY | 2017-07-31 | [Rupee gains on weak dollar - The HinduBusinessLine](https://feedsoft.ai/events/70270-rupee-gains-on-weak-dollar-the-hindubusinessline.md) | +0.3% | -0.5% |
| DXY | 2017-03-13 | [Euro firms to 1-month high after ECB rate hike talk; dollar drifts - The HinduBusinessLine](https://feedsoft.ai/events/72202-euro-firms-to-1-month-high-after-ecb-rate-hike-talk-dollar-drifts-the.md) | -1.1% | -1.3% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/dollar-on-defensive-as-market-awaits-fed-decision-euro-edges-up/article26587233.ece

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