# Dollar's Battle Gets Harder With Fed No Longer Only Hawk in Town - Bloomberg

> The dollar fell to its lowest level in nine months, erasing the post-election 'Trump bump' and more. The euro, pound and Canadian dollar rallied on expectations of tighter monetary policy abroad. Higher foreign yields relative to US yields are making dollar bulls' position harder.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70699-dollar-s-battle-gets-harder-with-fed-no-longer-only-hawk-in-town-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar makes dollar-priced commodities cheaper for non-US buyers, which tends to support US feed grain and meal prices. Persistent dollar weakness can also lift export demand for US feed ingredients.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-13 | [Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg](https://feedsoft.ai/events/36584-euro-surges-to-strongest-in-a-year-as-fed-cut-bets-batter-dollar-bloomberg.md) | +0.3% | -0.4% |
| DXY | 2026-07-31 | [Dollar Logs Worst Week in Over Three Months Amid Fed Doubts - Bloomberg](https://feedsoft.ai/events/8417-dollar-logs-worst-week-in-over-three-months-amid-fed-doubts-bloomberg.md) | -0.1% | -1.1% |
| DXY | 2026-07-29 | [Dollar Falls to One-Week Low After Fed Keeps Interest Rates Unchanged - Bloomberg](https://feedsoft.ai/events/8419-dollar-falls-to-one-week-low-after-fed-keeps-interest-rates-unchanged-bloomberg.md) | -0.9% | -2.0% |
| DXY | 2018-08-24 | [PBOC Joins Forces With Powell to Hit the Brakes on Dollar Rally - Bloomberg](https://feedsoft.ai/events/10038-pboc-joins-forces-with-powell-to-hit-the-brakes-on-dollar-rally-bloomberg.md) | -0.0% | -0.5% |
| DXY | 2018-12-20 | [Commentary: Fed still the only hiker in town, but dollar refuses to play ball](https://feedsoft.ai/events/61743-commentary-fed-still-the-only-hiker-in-town-but-dollar-refuses-to-play-ball.md) | -0.1% | -1.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-06-29/dollar-s-battle-gets-harder-with-fed-no-longer-only-hawk-in-town

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