# Fed-driven dollar surge fades, focus moves to ECB meeting - Moneyweb

> The dollar slipped back from three-week highs after the Fed signalled two more rate hikes this year. Traders took profits ahead of the European Central Bank meeting, and the China central bank did not follow the Fed's hike.

- Date: 2018-06-14 · published 2018-06-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/64710-fed-driven-dollar-surge-fades-focus-moves-to-ecb-meeting-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A pullback in the dollar after a short rally offers limited support to dollar-priced commodities, so the net price effect is modest.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-30 | [Dollar hands back some gains after Fed meeting; euro looks to ECB By Investing.com](https://feedsoft.ai/events/22616-dollar-hands-back-some-gains-after-fed-meeting-euro-looks-to-ecb-by-investing.md) | +1.1% | +0.4% |
| DXY | 2018-09-26 | [A crucial Fed meeting for the dollar \| articles \| ING THINK](https://feedsoft.ai/events/63240-a-crucial-fed-meeting-for-the-dollar-articles-ing-think.md) | +0.2% | +1.5% |
| DXY | 2019-10-28 | [Dollar supported before Fed meeting, Brexit delay in focus - The HinduBusinessLine](https://feedsoft.ai/events/56780-dollar-supported-before-fed-meeting-brexit-delay-in-focus-the-hindubusinessline.md) | -0.3% | +0.8% |
| DXY | 2024-10-08 | [Dollar steady, focus on Fed path, China, Middle East](https://feedsoft.ai/events/11044-dollar-steady-focus-on-fed-path-china-middle-east.md) | +0.9% | +1.7% |
| DXY | 2019-06-17 | [Forex Market: Dollar steady ahead of Fed meeting; low chances of June rate cut](https://feedsoft.ai/events/58784-forex-market-dollar-steady-ahead-of-fed-meeting-low-chances-of-june-rate-cut.md) | -0.9% | -1.1% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/fed-driven-dollar-surge-fades-focus-moves-to-ecb-meeting/

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