# US dollar squeezed by cautious Fed – Dailynewsegypt

> The US dollar fell in Asian trading after the Federal Reserve raised rates by a quarter point but signalled only two more hikes this year. Bond prices rose and Asian stock markets gained. CitiFX advised buying emerging-market currencies, equities and commodities.

- Date: 2017-03-16 · published 2017-03-16T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/72196-us-dollar-squeezed-by-cautious-fed-dailynewsegypt
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar and reduced fear of faster US tightening tend to support commodity prices and emerging-market demand for feed.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-03-17 | [Dollar crunched by cautious Fed, bonds and commodities cheer \| Daily FT](https://feedsoft.ai/events/71922-dollar-crunched-by-cautious-fed-bonds-and-commodities-cheer-daily-ft.md) | -0.6% | -0.8% |
| 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 | 2023-11-30 | [US dollar falls on dovish remarks by Fed's Powell](https://feedsoft.ai/events/32901-us-dollar-falls-on-dovish-remarks-by-fed-s-powell.md) | +0.6% | -1.2% |
| DXY | 2020-03-04 | [Dollar left devastated by surprise Fed rate cut](https://feedsoft.ai/events/7168-dollar-left-devastated-by-surprise-fed-rate-cut.md) | +1.2% | +5.2% |
| DXY | 2024-11-07 | [Gold holds firm after US Fed rate cut, softer dollar](https://feedsoft.ai/events/27332-gold-holds-firm-after-us-fed-rate-cut-softer-dollar.md) | +1.0% | +0.8% |

## Sources

- dailynewsegypt.com: https://dailynewsegypt.com/2017/03/16/us-dollar-squeezed-by-cautious-fed/

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