# Commodities nerves grow after Fed boosts dollar - The HinduBusinessLine

> The dollar rose to a six-week high against the yen and a four-month high against the Aussie after the Fed downplayed threats to its planned rate hikes. Commodity prices, including iron ore, fell sharply, which analysts linked to concerns about the Chinese economy.

- Date: 2017-05-04 · published 2017-05-04T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/70922-commodities-nerves-grow-after-fed-boosts-dollar-the-hindubusinessline
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weaker Chinese demand signals and a stronger dollar point to softer commodity prices and pressure on commodity-linked currencies that feed into export competitiveness for feed raw materials.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-20 | [Dollar hits 3-week high on New York Fed president's comments - The HinduBusinessLine](https://feedsoft.ai/events/70706-dollar-hits-3-week-high-on-new-york-fed-president-s-comments-the.md) | +0.0% | -2.1% |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2017-12-25 | [Dollar steady but its funding costs soar ahead of the year-end - The HinduBusinessLine](https://feedsoft.ai/events/67697-dollar-steady-but-its-funding-costs-soar-ahead-of-the-year-end-the.md) | -1.3% | -3.6% |
| DXY | 2019-05-28 | [Dollar ticks up, euro's post-EU vote bounce proves brief - The HinduBusinessLine](https://feedsoft.ai/events/59289-dollar-ticks-up-euro-s-post-eu-vote-bounce-proves-brief-the-hindubusinessline.md) | +0.3% | -1.2% |
| DXY | 2020-03-13 | [Dollar wins out as pandemic drives rush for liquid assets - The HinduBusinessLine](https://feedsoft.ai/events/6275-dollar-wins-out-as-pandemic-drives-rush-for-liquid-assets-the-hindubusinessline.md) | +3.8% | +1.6% |
| USDCNY | 2024-09-27 | [Australia, NZ dollars energised as China optimism boosts risk, resources - Markets - Business Recorder](https://feedsoft.ai/events/28576-australia-nz-dollars-energised-as-china-optimism-boosts-risk-resources-markets.md) | +0.1% | +1.6% |
| USDCNY | 2018-07-20 | [Dollar sees biggest one-day drop in 3 weeks after Trump comments](https://feedsoft.ai/events/64217-dollar-sees-biggest-one-day-drop-in-3-weeks-after-trump-comments.md) | +0.2% | +1.6% |
| USDCNY | 2021-07-28 | [Havens favoured as China jitters persist; dollar waits for Fed - Markets - Business Recorder](https://feedsoft.ai/events/45976-havens-favoured-as-china-jitters-persist-dollar-waits-for-fed-markets-business.md) | -0.6% | -0.6% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/commodities-nerves-grow-after-fed-boosts-dollar/article9680262.ece

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