# Dollar Falls Sharply as Fed Officials Allow for Smaller Rate Hikes

> The dollar index fell 1.9% on Friday after Fed officials, including Boston's Collins and Chicago's Evans, signaled slower rate hikes. The December federal funds futures contract eased about 6 bp, while the 10-year Treasury yield rose 2 bp to 4.17%. The dollar closed the week roughly unchanged.

- Date: 2022-11-04 · published 2022-11-04T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/8198-dollar-falls-sharply-as-fed-officials-allow-for-smaller-rate-hikes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of smaller Fed hikes weaken the dollar, which typically supports dollar-priced grains and oilseeds. Lower rate expectations also reduce financing costs for commodity holders.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-02 | [US dollar falls broadly after the Fed hints at a slower pace of rate hikes](https://feedsoft.ai/events/38845-us-dollar-falls-broadly-after-the-fed-hints-at-a-slower-pace-of-rate-hikes.md) | -1.4% | -4.2% |
| DXY | 2024-07-31 | [Dollar falls as Fed signals likely September rate cut](https://feedsoft.ai/events/29455-dollar-falls-as-fed-signals-likely-september-rate-cut.md) | -0.5% | -1.9% |
| DXY | 2023-03-22 | [Dollar falls after Fed raises rates, indicates one more hike ahead](https://feedsoft.ai/events/36777-dollar-falls-after-fed-raises-rates-indicates-one-more-hike-ahead.md) | -1.0% | -1.5% |
| DXY | 2022-06-15 | [Dollar dips as Fed hikes rates, flags slowing economy](https://feedsoft.ai/events/7713-dollar-dips-as-fed-hikes-rates-flags-slowing-economy.md) | -0.9% | +2.0% |
| DXY | 2026-08-19 | [Materials Up as Dollar Falls on Rate-Hike Skepticism -- Materials Roundup - MarketWatch](https://feedsoft.ai/events/17806-materials-up-as-dollar-falls-on-rate-hike-skepticism-materials-roundup.md) | -0.6% | -0.1% |

## Sources

- barchart.com: https://www.barchart.com/story/news/11363196/dollar-falls-sharply-as-fed-officials-allow-for-smaller-rate-hikes

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