# Dollar Selloff Resumed after FOMC, Commodity Currencies the Best Performers - ActionForex

> The dollar's broad selloff resumed after the Fed held rates at 1-1.25% and revised its core inflation outlook lower. The Fed also signaled balance sheet reduction would start relatively soon, with the official announcement expected in September. Commodity currencies were the best performers that week.

- Date: 2017-07-27 · published 2017-07-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/69895-dollar-selloff-resumed-after-fomc-commodity-currencies-the-best-performers
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A softer dollar and dovish Fed reduce the likelihood of further hikes, which supports dollar-priced commodities and the currencies of major exporters such as Australia.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-27 | [Dovish Fed Spurs Commodity Prices and Currencies Higher - ActionForex](https://feedsoft.ai/events/69898-dovish-fed-spurs-commodity-prices-and-currencies-higher-actionforex.md) | -0.6% | -0.5% |
| DXY | 2021-08-24 | [Dollar slips further as oil rallies, commodity currencies gain \| Reuters](https://feedsoft.ai/events/12117-dollar-slips-further-as-oil-rallies-commodity-currencies-gain-reuters.md) | -0.6% | -0.1% |
| DXY | 2021-05-11 | [Commodity currencies hold advantage as dollar waits for inflation and Fed \| Reuters](https://feedsoft.ai/events/47003-commodity-currencies-hold-advantage-as-dollar-waits-for-inflation-and-fed.md) | +0.3% | -0.1% |
| DXY | 2019-10-31 | [Yen Jumps on Renewed US-China Trade Concerns, Dollar Extends Post FOMC Selloff - ActionForex](https://feedsoft.ai/events/56808-yen-jumps-on-renewed-us-china-trade-concerns-dollar-extends-post-fomc-selloff.md) | -0.1% | +0.8% |
| DXY | 2023-07-26 | [Dollar’s decline throws spotlight on battered commodity currencies](https://feedsoft.ai/events/35307-dollar-s-decline-throws-spotlight-on-battered-commodity-currencies.md) | +0.6% | +2.1% |

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/market-overview/29738-dollar-selloff-resumed-after-fomc-commodity-currencies-the-best-performers/

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