# U.S. Dollar Dives after Federal Reserve Moves to the Sidelines

> The dollar fell sharply after the Federal Reserve held rates at 2.25-2.50% and said it was unsure it would need to raise rates this year. GBP/USD traded around 1.33 to 1.35.

- Date: 2019-01-30 · published 2019-01-30T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The Fed's pause removes a key support for the dollar, which can lift dollar-priced grain and oilseed prices and benefit high-yielding commodity currencies.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲
- AUDUSD: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-20 | [Dollar falls to 2-week low after Federal Reserve meeting](https://feedsoft.ai/events/7438-dollar-falls-to-2-week-low-after-federal-reserve-meeting.md) | -1.1% | -0.8% |
| DXY | 2020-04-30 | [Pound-Dollar Rate Aims for the Stars after Federal Reserve Swerves Onto Main Street](https://feedsoft.ai/events/53873-pound-dollar-rate-aims-for-the-stars-after-federal-reserve-swerves-onto-main.md) | +0.7% | -1.4% |
| DXY | 2020-07-30 | [Forex markets: Dollar, U.S. Federal Reserve in focus](https://feedsoft.ai/events/52297-forex-markets-dollar-u-s-federal-reserve-in-focus.md) | -0.3% | -0.5% |
| DXY | 2017-03-16 | [US dollar falls and bonds rise after Federal Reserve raises rates but says future moves would be 'gradual' \| The Independent \| The Independent](https://feedsoft.ai/events/72191-us-dollar-falls-and-bonds-rise-after-federal-reserve-raises-rates-but-says.md) | -1.3% | -1.2% |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |
| CORN | 2022-03-18 | [Why traders sell dollars after Fed vowed to aggressively hike rates? - CGTN](https://feedsoft.ai/events/42439-why-traders-sell-dollars-after-fed-vowed-to-aggressively-hike-rates-cgtn.md) | +0.0% | +6.2% |
| CORN | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | -0.3% | -0.1% |
| CORN | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | +1.0% | -1.0% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/10763-the-u-s-dollar-today-federal-reserve-interest-rate-decision-and-balance-sheet-policy-in-focus

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