# Dollar falls after Fed QE, on fiscal stimulus hopes

> The dollar fell broadly after the Federal Reserve committed to buy an unlimited amount of bonds and announced corporate bond purchases and small business credit programs. Investors also expected a U.S. stimulus package. The dollar index slipped 0.42% to 101.71 from a three-year high.

- Date: 2020-03-24 · published 2020-03-24T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/6583-dollar-falls-after-fed-qe-on-fiscal-stimulus-hopes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Fed easing and expected fiscal spending weaken the dollar, which typically supports dollar-priced grain and oilseed prices. Feed buyers may see somewhat firmer import-linked prices.

## Read by commodity

- DXY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2020-03-31 | 5 | -2.4% | -3.3 | The Fed's unlimited QE and credit facilities on 24 March eased dollar demand and pushed the dollar down from its three-year high. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-08 | [Dollar Down Over Persistent Stimulus Hopes](https://feedsoft.ai/events/5563-dollar-down-over-persistent-stimulus-hopes.md) | -0.2% | -1.6% |
| DXY | 2017-06-14 | [Dollar falls after Fed interest rate decision](https://feedsoft.ai/events/10197-dollar-falls-after-fed-interest-rate-decision.md) | +0.6% | -0.9% |
| DXY | 2020-06-11 | [Baht strengthens as dollar falls after Fed meeting](https://feedsoft.ai/events/52893-baht-strengthens-as-dollar-falls-after-fed-meeting.md) | +1.2% | +0.8% |
| DXY | 2023-03-22 | [Dollar falls after Fed raises rates, indicates one more hike ahead](https://feedsoft.ai/events/36777-dollar-falls-after-fed-raises-rates-indicates-one-more-hike-ahead.md) | -1.0% | -1.5% |
| DXY | 2017-02-02 | [Dollar falls after non-commital Fed, earnings weigh on stocks - Moneyweb](https://feedsoft.ai/events/72398-dollar-falls-after-non-commital-fed-earnings-weigh-on-stocks-moneyweb.md) | -0.2% | +0.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/03/24/forex-markets-us-dollar-in-focus.html

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