# US Dollar on Cusp of Renewed Downtrend as Faster-Fed Fails to Inspire the Market

> The Fed was widely expected to raise rates in its June meeting, and investors were focused on whether it would change its policy language. The policy statement was seen as potentially the most consequential rewrite in about two and a half years.

- Date: 2018-06-13 · published 2018-06-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/64711-us-dollar-on-cusp-of-renewed-downtrend-as-faster-fed-fails-to-inspire-the-market
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A signal of faster tightening would strengthen the dollar and tighten global financial conditions, which tends to weigh on commodity prices.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-17 | [US dollar weakens as market consolidates gains, but uptrend intact](https://feedsoft.ai/events/30908-us-dollar-weakens-as-market-consolidates-gains-but-uptrend-intact.md) | -0.3% | -1.0% |
| DXY | 2020-03-03 | [Canadian dollar weakens as investors bet on Bank of Canada matching Fed rate cut - The Globe and Mail](https://feedsoft.ai/events/54361-canadian-dollar-weakens-as-investors-bet-on-bank-of-canada-matching-fed-rate.md) | +0.3% | +5.5% |
| DXY | 2023-03-23 | [FX market is well-advised not to write off the US Dollar completely – Commerzbank — Octa](https://feedsoft.ai/events/37059-fx-market-is-well-advised-not-to-write-off-the-us-dollar-completely-commerzbank.md) | -0.7% | -1.1% |
| DXY | 2021-08-17 | [There’s a non-pandemic catalyst set to drive the dollar, pound and euro for the rest of 2021 - MarketWatch](https://feedsoft.ai/events/45808-there-s-a-non-pandemic-catalyst-set-to-drive-the-dollar-pound-and-euro-for-the.md) | +0.7% | -0.1% |
| DXY | 2019-10-31 | [Trump bets on Fed cuts to help the dollar. Don't count on it](https://feedsoft.ai/events/56774-trump-bets-on-fed-cuts-to-help-the-dollar-don-t-count-on-it.md) | -0.1% | +0.8% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/9262-us-dollar-in-the-spotlight-as-june-federal-reserve-decision-looms-large-over-currency-markets

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