# Dollar Sell-Off abates  | OANDA

> The US dollar eased after the Trump press conference as Treasury yields softened, with crude oil recovering above $53 WTI and gold holding safe-haven gains. Fed officials gave conflicting views on 2017 rate hikes, with Harker projecting three and Bullard one.

- Date: 2017-02-28 · published 2017-02-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/72764-dollar-sell-off-abates-oanda
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar tends to support US dollar-denominated commodity prices, including grains, oilseeds and meals. Uncertainty over fiscal policy and Fed path leaves the currency and commodity outlook volatile.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-01-03 | [The US dollar could see a 5% sell off in 2020: Strategist](https://feedsoft.ai/events/55255-the-us-dollar-could-see-a-5-sell-off-in-2020-strategist.md) | +0.2% | +0.7% |
| DXY | 2020-03-09 | [US dollar market sees major sell off as currency traders buy EUR](https://feedsoft.ai/events/10776-us-dollar-market-sees-major-sell-off-as-currency-traders-buy-eur.md) | +3.2% | +6.6% |
| DXY | 2017-11-09 | [Dollar on back foot ahead of Senate tax-cut bill](https://feedsoft.ai/events/68208-dollar-on-back-foot-ahead-of-senate-tax-cut-bill.md) | -0.4% | -0.4% |
| DXY | 2018-11-28 | [Dollar drops as Fed's Powell says rates near neutral](https://feedsoft.ai/events/62245-dollar-drops-as-fed-s-powell-says-rates-near-neutral.md) | -0.8% | -0.8% |
| DXY | 2017-03-28 | [Stocks, dollar  slip as Trump  trade deflates](https://feedsoft.ai/events/72195-stocks-dollar-slip-as-trump-trade-deflates.md) | +0.6% | +0.1% |

## Sources

- mynewsdesk.com: https://www.mynewsdesk.com/sg/oanda/news/dollar-sell-off-abates-223640

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