# Yellens policy silence pressures dollar and supports gold

> Yellen's Jackson Hole speech contained no clues on interest rates, disappointing traders. Futures pricing fell to less than a 40% chance of a rate hike by year-end, and the dollar fell against major currencies while gold rose.

- Date: 2017-08-25 · published 2017-08-25T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/69366-yellens-policy-silence-pressures-dollar-and-supports-gold
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Lower rate-hike odds weaken the dollar, which supports dollar-priced commodities and can reduce the cost of imported feed inputs for some buyers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-08-25 | [Stocks rise, U.S. dollar eases as Yellen omits policy \| Reuters](https://feedsoft.ai/events/69365-stocks-rise-u-s-dollar-eases-as-yellen-omits-policy-reuters.md) | -0.3% | -0.9% |
| DXY | 2020-08-28 | [Gold surges over 2% on waning dollar, Fed policy shift - The Business Times](https://feedsoft.ai/events/51528-gold-surges-over-2-on-waning-dollar-fed-policy-shift-the-business-times.md) | -0.5% | +1.0% |
| DXY | 2017-10-31 | [US Dollar-to-Yen Exchange Rate Uptrend To Continue To Be Supported By BoJ Policy \| Exchange Rates UK](https://feedsoft.ai/events/68683-us-dollar-to-yen-exchange-rate-uptrend-to-continue-to-be-supported-by-boj.md) | -0.2% | -1.4% |
| DXY | 2017-01-31 | [Dollar slips amid Trump's hardening policy defence, yen benefits](https://feedsoft.ai/events/73198-dollar-slips-amid-trump-s-hardening-policy-defence-yen-benefits.md) | -0.6% | -0.6% |
| DXY | 2020-08-28 | [The Fed and gold: Powell's policy shift affects gold commodity prices](https://feedsoft.ai/events/51523-the-fed-and-gold-powell-s-policy-shift-affects-gold-commodity-prices.md) | -0.5% | +1.0% |
| EURUSD | 2020-03-05 | [Dollar surrenders to euro and yen as rate supremacy ends \| Financial Post](https://feedsoft.ai/events/7150-dollar-surrenders-to-euro-and-yen-as-rate-supremacy-ends-financial-post.md) | +1.3% | -1.8% |
| EURUSD | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | -0.5% | -2.0% |
| EURUSD | 2024-10-31 | [Euro Outperforms Dollar and Pound After Inflation and GDP Surprises](https://feedsoft.ai/events/28072-euro-outperforms-dollar-and-pound-after-inflation-and-gdp-surprises.md) | -1.2% | -2.9% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/yellens-policy-silence-pressures-dollar-and-supports-gold/

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