# US dollar posts steepest loss in three weeks on US rate-hike doubts - Times of News

> The US dollar posted its steepest one-day loss in three weeks as doubts grew over whether the Federal Reserve would raise rates again this year, given softer inflation data. The greenback weakened against commodity-linked currencies as Brent recovered from a seven-month low. Sterling gained after a BoE policymaker urged an immediate UK rate hike.

- Date: 2017-06-24 · published 2017-06-24T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70704-us-dollar-posts-steepest-loss-in-three-weeks-on-us-rate-hike-doubts-times-of
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of fewer Fed hikes weigh on the dollar, which tends to support dollar-priced grain and meal values. The move is a routine currency swing with limited direct effect on feed supply.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-10 | [US dollar drops to three-week low as Fed rate hikes nearly done](https://feedsoft.ai/events/9980-us-dollar-drops-to-three-week-low-as-fed-rate-hikes-nearly-done.md) | -1.7% | -0.2% |
| DXY | 2024-06-03 | [US dollar sinks to three-week low on signs of slowing economy](https://feedsoft.ai/events/29966-us-dollar-sinks-to-three-week-low-on-signs-of-slowing-economy.md) | +1.2% | +1.9% |
| DXY | 2017-12-28 | [China's yuan rises on US dollar weakness, on track for best year since 2008 - Times of News](https://feedsoft.ai/events/67709-china-s-yuan-rises-on-us-dollar-weakness-on-track-for-best-year-since-2008.md) | -1.2% | -3.8% |
| DXY | 2018-02-22 | [Mexico peso firms on rate hike bets, weaker U.S. dollar](https://feedsoft.ai/events/66711-mexico-peso-firms-on-rate-hike-bets-weaker-u-s-dollar.md) | +0.5% | -0.1% |
| 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% |

## Sources

- singapore.timesofnews.com: https://singapore.timesofnews.com/business-economy/us-dollar-posts-steepest-loss-in-three-weeks-on-us-rate-hike-doubts.html

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