# Dollar rises after Fed's Evans comments on quantitative easing

> The dollar rose to an eight-week high on Tuesday after Chicago Fed President Charles Evans took a hawkish tone and said further quantitative easing may not help the economy much. Fed Chair Jerome Powell also testified to Congress that the economy had shown marked improvement but faced an uncertain path.

- Date: 2020-09-22 · published 2020-09-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/7696-dollar-rises-after-fed-s-evans-comments-on-quantitative-easing
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Hawkish Fed signals lift the dollar and push down dollar-denominated commodity prices, while a stronger dollar tends to weigh on US export competitiveness for feed grains.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| 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 | 2020-08-27 | [Gold dives 2% as dollar, yields gain after Fed comments](https://feedsoft.ai/events/51525-gold-dives-2-as-dollar-yields-gain-after-fed-comments.md) | -0.5% | +0.8% |
| DXY | 2020-09-22 | [Dollar rises on hawkish comments; stocks end up](https://feedsoft.ai/events/7693-dollar-rises-on-hawkish-comments-stocks-end-up.md) | +1.1% | -1.0% |
| DXY | 2022-11-14 | [Dollar Rises Against Euro and Yen Following Fed Commentary](https://feedsoft.ai/events/38896-dollar-rises-against-euro-and-yen-following-fed-commentary.md) | -0.7% | -1.6% |
| EURUSD | 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) | -0.2% | -2.0% |
| EURUSD | 2022-11-14 | [Dollar Rises Against Euro and Yen Following Fed Commentary](https://feedsoft.ai/events/38896-dollar-rises-against-euro-and-yen-following-fed-commentary.md) | +1.7% | +3.6% |
| EURUSD | 2020-09-23 | [Dollar Strengthens; Helped by Housing Data and Fed Comments](https://feedsoft.ai/events/7700-dollar-strengthens-helped-by-housing-data-and-fed-comments.md) | +0.1% | +1.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/09/22/forex-markets-dollar-coronavirus.html

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