# edges lower as dollar gains after hawkish Fed minutes

> Gold edged lower as the dollar strengthened after Fed minutes from the September meeting showed unanimous support for raising rates and signaled further hikes. Spot gold was down 0.1% at $1,222.56 per ounce.

- Date: 2018-10-17 · published 2018-10-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62444-edges-lower-as-dollar-gains-after-hawkish-fed-minutes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a December hike lift the dollar and weigh on dollar-denominated commodities, a modest headwind for grain and oilseed prices. The direct feed impact is limited.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-29 | [Asian currencies edge lower as US dollar jumps on hawkish Fed](https://feedsoft.ai/events/35726-asian-currencies-edge-lower-as-us-dollar-jumps-on-hawkish-fed.md) | +0.4% | -1.2% |
| DXY | 2024-09-30 | [Dollar gains as Fed's Powell adopts hawkish tone on economy \| Reuters](https://feedsoft.ai/events/28504-dollar-gains-as-fed-s-powell-adopts-hawkish-tone-on-economy-reuters.md) | +0.9% | +3.1% |
| DXY | 2022-12-15 | [Dollar gains after hawkish Fed, pound under pressure from dovish BOE - The Business Times](https://feedsoft.ai/events/38479-dollar-gains-after-hawkish-fed-pound-under-pressure-from-dovish-boe-the.md) | +0.4% | -2.2% |
| DXY | 2018-10-17 | [Dollar extends gains as traders await Fed minutes - The Business Times](https://feedsoft.ai/events/62717-dollar-extends-gains-as-traders-await-fed-minutes-the-business-times.md) | +1.1% | +2.3% |
| DXY | 2023-07-31 | [Dollar gains after Fed loan survey, yen slips By Reuters](https://feedsoft.ai/events/35219-dollar-gains-after-fed-loan-survey-yen-slips-by-reuters.md) | +0.9% | +2.3% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/edges-lower-as-dollar-gains-after-hawkish-fed-minutes-118101800046_1.html

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