# Dollar crunched by cautious Fed, bonds and commodities cheer | Daily FT

> The dollar fell in Asian trade after the Fed raised rates by 25 basis points as expected but signaled no faster pace of tightening. Gold, copper and oil rallied as the dollar dropped, and Asian equities rose. Political relief in the Netherlands, where the anti-EU party won fewer seats than feared, also supported the euro.

- Date: 2017-03-17 · published 2017-03-17T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/71922-dollar-crunched-by-cautious-fed-bonds-and-commodities-cheer-daily-ft
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A softer dollar and improved risk appetite tend to lift commodity prices and make dollar-denominated imports cheaper, supporting feed commodity values.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- CORN: bullish ▲
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-03-16 | [US dollar squeezed by cautious Fed – Dailynewsegypt](https://feedsoft.ai/events/72196-us-dollar-squeezed-by-cautious-fed-dailynewsegypt.md) | -1.3% | -1.2% |
| DXY | 2024-12-31 | [Dollar stands tall in 2024, propped up by cautious Fed, Trump trade](https://feedsoft.ai/events/27182-dollar-stands-tall-in-2024-propped-up-by-cautious-fed-trump-trade.md) | -0.2% | -0.4% |
| DXY | 2021-02-25 | [Weak U.S. Dollar Benefits Some Ag Commodities \| Feed & Grain](https://feedsoft.ai/events/48780-weak-u-s-dollar-benefits-some-ag-commodities-feed-and-grain.md) | +0.9% | +1.7% |
| DXY | 2024-08-30 | [Commodities sector eyes fourth weekly gain amid softer dollar and Fed expectations \| Saxo UK](https://feedsoft.ai/events/28685-commodities-sector-eyes-fourth-weekly-gain-amid-softer-dollar-and-fed.md) | +0.2% | -0.9% |
| DXY | 2021-08-30 | [US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/45482-us-dollar-weakens-as-dovish-fed-lifts-stocks-bonds-commodities-and-other.md) | -0.7% | +0.4% |
| EURUSD | 2019-06-19 | [Commodities outlook: It's all action as Fed decides](https://feedsoft.ai/events/58511-commodities-outlook-it-s-all-action-as-fed-decides.md) | +1.7% | +0.3% |
| EURUSD | 2026-07-31 | [US Dollar: Post-Fed losses extend as positioning unwinds – ING](https://feedsoft.ai/events/8421-us-dollar-post-fed-losses-extend-as-positioning-unwinds-ing.md) | -0.0% | +1.1% |
| EURUSD | 2025-03-07 | [US dollar sags after weaker-than-expected jobs data, Fed's Powell comments](https://feedsoft.ai/events/5802-us-dollar-sags-after-weaker-than-expected-jobs-data-fed-s-powell-comments.md) | +0.4% | +2.2% |

## Sources

- ft.lk: https://www.ft.lk/international/dollar-crunched-by-cautious-fed-bonds-and-commodities-cheer/49-604078

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