# Dollar falls after non-commital Fed, earnings weigh on stocks - Moneyweb

> The dollar fell to a 12-week low after the Federal Reserve held rates steady and gave no firm signal on a March hike. Sterling fell after the Bank of England kept policy unchanged, and the euro traded near $1.08.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/72398-dollar-falls-after-non-commital-fed-earnings-weigh-on-stocks-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar supports dollar-priced commodities and can lift export demand, while the reduced rate-hike expectations ease pressure on commodity prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-24 | [Dollar falls after Fed QE, on fiscal stimulus hopes](https://feedsoft.ai/events/6583-dollar-falls-after-fed-qe-on-fiscal-stimulus-hopes.md) | -2.3% | -2.4% |
| DXY | 2018-07-23 | [Dollar falls broadly on Trump’s currency comments - Moneyweb](https://feedsoft.ai/events/64215-dollar-falls-broadly-on-trump-s-currency-comments-moneyweb.md) | -0.4% | +1.1% |
| DXY | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |
| DXY | 2020-06-11 | [Baht strengthens as dollar falls after Fed meeting](https://feedsoft.ai/events/52893-baht-strengthens-as-dollar-falls-after-fed-meeting.md) | +1.2% | +0.8% |
| DXY | 2017-09-29 | [Rand firmer on dollar dip, trade surplus, stocks gain - Moneyweb](https://feedsoft.ai/events/69232-rand-firmer-on-dollar-dip-trade-surplus-stocks-gain-moneyweb.md) | +0.3% | +1.7% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/dollar-falls-after-non-commital-fed-earnings-weigh-on-stocks/

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