# Fed’s pre-set course is a bore for the $ but music to the ears of EM FX - ING — Octa

> ING analyst Viraj Patel says Fed policy will be a negligible driver of the USD in 2018, as the January FOMC minutes show a muddle-through path. Markets already price about 60bp of tightening for 2018. Patel says only a major regime shift, such as hawkish or dovish Fed governor appointments, would change that view.

- Date: 2018-01-04 · published 2018-01-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67172-fed-s-pre-set-course-is-a-bore-for-the-but-music-to-the-ears-of-em-fx-ing-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Limited Fed-driven dollar upside suggests dollar-denominated feed commodity prices may not get strong support from policy. Emerging market currencies may benefit, which could affect import demand for feed.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-01 | [Fed sees three rate cuts in 2024 but a more shallow easing path](https://feedsoft.ai/events/31391-fed-sees-three-rate-cuts-in-2024-but-a-more-shallow-easing-path.md) | -0.0% | +1.6% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |
| DXY | 2024-03-26 | [It will be a sideways bumpy road for the USD in the coming months – Nordea — Octa](https://feedsoft.ai/events/31394-it-will-be-a-sideways-bumpy-road-for-the-usd-in-the-coming-months-nordea-octa.md) | +0.4% | +1.7% |
| DXY | 2025-07-30 | [USD: Fed set to leave all options open – MUFG — Octa](https://feedsoft.ai/events/23957-usd-fed-set-to-leave-all-options-open-mufg-octa.md) | -0.0% | -0.4% |
| 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% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/526828/

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