# USD On Defensive Ahead Of FOMC; Eurozone Inflation On The Horizon | Investing.com

> The dollar index slipped 0.2% ahead of the FOMC decision. Asian stocks fell as bond yields rose, and oil prices declined after a rise in US inventories and a jump in active rigs.

- Date: 2018-01-31 · published 2018-01-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/66896-usd-on-defensive-ahead-of-fomc-eurozone-inflation-on-the-horizon-investing-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A softer dollar supports dollar-priced commodities, while rising US crude supply and rig counts weigh on energy prices that feed into input costs.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- investing.com: https://www.investing.com/analysis/dollar-on-the-defensive-ahead-of-fomc-eurozone-inflation-on-the-horizon-200285251

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