# Dollar dips as traders wait on Fed; Aussie gains By Reuters

> The US dollar index dipped as traders weighed renewed oil-driven inflation risks ahead of next week's Federal Reserve meeting. The Australian dollar gained on hawkish central bank comments.

- Date: 2026-10-21 · published 2026-10-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/650-dollar-dips-as-traders-wait-on-fed-aussie-gains-by-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A softer dollar ahead of Fed policy can modestly support US commodity export prices, while oil-driven inflation concerns add macro uncertainty for feed markets.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-04-30 | [Aussie dollar gains on weak US GDP - OFX](https://feedsoft.ai/events/25405-aussie-dollar-gains-on-weak-us-gdp-ofx.md) | -0.5% | -0.5% |
| DXY | 2025-11-25 | [US dollar slumps as data backs Fed rate cut view; traders on yen alert \| Reuters](https://feedsoft.ai/events/21876-us-dollar-slumps-as-data-backs-fed-rate-cut-view-traders-on-yen-alert-reuters.md) | -0.6% | -1.8% |
| DXY | 2023-11-24 | [Gold leaps above $2,000 as dollar weakens on Fed pause bets \| Reuters](https://feedsoft.ai/events/33076-gold-leaps-above-2-000-as-dollar-weakens-on-fed-pause-bets-reuters.md) | -0.4% | -1.1% |
| DXY | 2026-05-17 | [Dollar retreats as traders focus on Iran, Fed policy](https://feedsoft.ai/events/19471-dollar-retreats-as-traders-focus-on-iran-fed-policy.md) | +0.0% | +0.0% |
| DXY | 2026-10-21 | [Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA By Reuters](https://feedsoft.ai/events/17330-dollar-on-back-foot-as-us-yields-crude-prices-dip-aussie-buoyed-by-hawkish-rba.md) | +0.5% | — |

## Sources

- investing.com: https://www.investing.com/news/economy-news/dollar-on-back-foot-as-us-yields-crude-prices-dip-aussie-buoyed-by-hawkish-rba-4961462

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