# U.S. Dollar Edges Higher as Trump Picks Powell to Head Fed - WSJ

> The U.S. dollar edged higher after the Wall Street Journal reported that President Trump will nominate Jerome Powell to replace Janet Yellen as Fed chair. Markets viewed Powell as a continuity pick.

- Date: 2017-11-01 · published 2017-11-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/68152-u-s-dollar-edges-higher-as-trump-picks-powell-to-head-fed-wsj
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A Powell-led Fed is seen as a gradual normaliser, so the dollar's reaction is modest. Currency moves of this size have limited direct effect on feed commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-08 | [The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch](https://feedsoft.ai/events/37056-the-u-s-dollar-bounces-to-2023-high-as-fed-s-powell-signals-higher-rates.md) | -0.4% | -1.9% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2024-12-24 | [Dollar edges higher as Fed rates view sets direction](https://feedsoft.ai/events/27135-dollar-edges-higher-as-fed-rates-view-sets-direction.md) | +0.8% | -0.1% |
| DXY | 2023-08-25 | [Powell's steady hand steers dollar higher \| Reuters](https://feedsoft.ai/events/34783-powell-s-steady-hand-steers-dollar-higher-reuters.md) | -0.0% | +1.1% |
| DXY | 2026-08-26 | [U.S. data buoys dollar as Fed hike expectations nudged higher](https://feedsoft.ai/events/18082-u-s-data-buoys-dollar-as-fed-hike-expectations-nudged-higher.md) | +0.4% | +1.6% |

## Sources

- wsj.com: https://www.wsj.com/articles/u-s-dollar-edges-higher-as-fomc-meets-1509555403

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