# FOMC Sticks to Script: Balance Sheet Unwind to Begin "Relatively Soon" and USD Retreats snbchf.com

> The FOMC statement on July 26 left rates unchanged and signaled the balance sheet reduction would begin relatively soon, consistent with a September announcement. The dollar sold off after the statement.

- Date: 2017-07-29 · published 2017-07-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70151-fomc-sticks-to-script-balance-sheet-unwind-to-begin-relatively-soon-and-usd
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of balance sheet runoff and slower hikes weaken the dollar, which tends to support dollar-priced feed commodities.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-31 | [USD: Fed's balance sheet expansion is creating a less favorable environment for the dollar - MUFG - Forex Crunch](https://feedsoft.ai/events/55756-usd-fed-s-balance-sheet-expansion-is-creating-a-less-favorable-environment-for.md) | +0.2% | +0.6% |
| DXY | 2026-01-28 | [AUD/USD Outlook: US Dollar Unwind Hands the Baton to Australia CPI \| Investing.com](https://feedsoft.ai/events/21320-aud-usd-outlook-us-dollar-unwind-hands-the-baton-to-australia-cpi-investing-com.md) | +0.4% | +0.3% |
| DXY | 2025-01-26 | [Commodity markets to focus on FOMC statement and US core PCE that to shape policy expectations](https://feedsoft.ai/events/26416-commodity-markets-to-focus-on-fomc-statement-and-us-core-pce-that-to-shape.md) | +0.8% | -0.2% |
| DXY | 2020-06-19 | [Japan begins to unwind dominant position in dollar swaps with Fed \| Reuters](https://feedsoft.ai/events/52846-japan-begins-to-unwind-dominant-position-in-dollar-swaps-with-fed-reuters.md) | +0.1% | -0.9% |
| DXY | 2021-11-30 | [USD/CAD retreats from two-month high amid weaker USD, Canadian GDP in focus: Analytics and Market news from 30 November 2021 12:04](https://feedsoft.ai/events/44265-usd-cad-retreats-from-two-month-high-amid-weaker-usd-canadian-gdp-in-focus.md) | -0.4% | -1.0% |

## Sources

- snbchf.com: https://snbchf.com/2017/07/chandler-fomc-sticks-balance-sheet-unwind-usd-retreats/

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