# US dollar slides as investors take profit - The Business Times

> The dollar slipped against a basket of currencies as investors took profits after the Fed held rates steady. Markets were waiting for fresh data and for Trump's nomination of Jerome Powell as Fed chair.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68154-us-dollar-slides-as-investors-take-profit-the-business-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar can modestly support dollar-priced commodities. The move is a routine profit-taking retracement with little feed-market impact.

## Read by commodity

- DXY: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/us-dollar-slides-investors-take-profit

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