# Dollar edges higher as Fed outlook lifts U.S. yields | Financial Post

> The dollar firmed against major currencies after the Federal Reserve pledged to keep rates near zero until at least 2023 and signaled tolerance for higher inflation. Treasury yields rose following the announcement, and weaker-than-expected US retail sales data had initially pushed the dollar lower.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Higher US yields and a firmer dollar tighten financial conditions for commodities, while the Fed's inflation tolerance supports longer-term real asset demand.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-24 | [Dollar steady on higher-for-longer rates outlook; yen volatile \| Financial Post](https://feedsoft.ai/events/37556-dollar-steady-on-higher-for-longer-rates-outlook-yen-volatile-financial-post.md) | +0.0% | -1.1% |
| DXY | 2021-10-18 | [Dollar resumes upward March on higher yields; yen falls again \| Financial Post](https://feedsoft.ai/events/44796-dollar-resumes-upward-march-on-higher-yields-yen-falls-again-financial-post.md) | -0.4% | +0.4% |
| DXY | 2022-09-26 | [Rupee seen at record low as dollar, U.S. yields surge; RBI eyed \| Financial Post](https://feedsoft.ai/events/39854-rupee-seen-at-record-low-as-dollar-u-s-yields-surge-rbi-eyed-financial-post.md) | +0.2% | +0.6% |
| DXY | 2021-02-02 | [Dollar stands tall on better U.S. outlook vs Europe \| Financial Post](https://feedsoft.ai/events/48853-dollar-stands-tall-on-better-u-s-outlook-vs-europe-financial-post.md) | -0.3% | +0.1% |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |
| EURUSD | 2021-02-02 | [Dollar stands tall on better U.S. outlook vs Europe \| Financial Post](https://feedsoft.ai/events/48853-dollar-stands-tall-on-better-u-s-outlook-vs-europe-financial-post.md) | -0.2% | +0.1% |
| EURUSD | 2016-12-15 | [Dollar, bond yields advance on Fed rate outlook](https://feedsoft.ai/events/6462-dollar-bond-yields-advance-on-fed-rate-outlook.md) | -2.2% | -0.3% |
| EURUSD | 2020-09-23 | [Dollar rallies as Fed, COVID-19 and recovery worries swirl \| Financial Post](https://feedsoft.ai/events/7695-dollar-rallies-as-fed-covid-19-and-recovery-worries-swirl-financial-post.md) | +0.1% | +1.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-edges-higher-as-fed-outlook-lifts-u-s-yields

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