# A dovish Fed won’t keep the US$ down if the S&P falls | Capital Economics

> Capital Economics published a commentary arguing that a dovish Fed will not keep the US dollar down if the S&P 500 falls. The page text contains no substantive analysis beyond the headline.

- Date: 2019-01-31 · published 2019-01-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/61289-a-dovish-fed-won-t-keep-the-us-down-if-the-s-and-p-falls-capital-economics
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar direction under a dovish Fed depends on equity risk sentiment, which affects dollar-denominated commodity prices.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-26 | [fed: Dollar volatile after Fed's Powell comments on inflation - The Economic Times](https://feedsoft.ai/events/39943-fed-dollar-volatile-after-fed-s-powell-comments-on-inflation-the-economic-times.md) | +1.1% | +3.4% |
| DXY | 2018-06-13 | [US Dollar on Cusp of Renewed Downtrend as Faster-Fed Fails to Inspire the Market](https://feedsoft.ai/events/64711-us-dollar-on-cusp-of-renewed-downtrend-as-faster-fed-fails-to-inspire-the-market.md) | +1.3% | +0.6% |
| DXY | 2026-08-31 | [The Dollar Index falls through a war and a hawkish repricing](https://feedsoft.ai/events/18080-the-dollar-index-falls-through-a-war-and-a-hawkish-repricing.md) | -0.6% | +1.6% |
| DXY | 2020-05-22 | [Have the Fed Swap Lines Reduced Dollar Funding Strains during the COVID-19 Outbreak? - Liberty Street Economics](https://feedsoft.ai/events/53037-have-the-fed-swap-lines-reduced-dollar-funding-strains-during-the-covid-19.md) | -0.9% | -1.5% |
| DXY | 2020-10-30 | [Crude futures rise on ECB stimulus expectations, robust US economic data \| S&P Global](https://feedsoft.ai/events/50820-crude-futures-rise-on-ecb-stimulus-expectations-robust-us-economic-data-s-and-p.md) | -1.6% | -3.0% |

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/global-markets/global-markets-update/a-dovish-fed-wont-keep-the-us-down-if-the-sp-falls

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