# US Dollar: Post-Fed losses extend as positioning unwinds – ING

> The dollar's post-FOMC selloff accelerated, with the DXY briefly falling below 100.0 to its lowest since June 17. Core PCE rose only 0.1% in June, Q2 growth undershot expectations, and Japanese yen intervention pushed USD/JPY down more than 3%. Analysts said stretched dollar long positioning could unwind further.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/8421-us-dollar-post-fed-losses-extend-as-positioning-unwinds-ing
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Further dollar weakness would make USD-priced feed commodities more affordable for global buyers, supporting prices, though the analyst is cautious about calling a bottom.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | 1 | -0.9% | -3.9 | Post-FOMC selloff extended as soft core PCE, weak growth, yen intervention and unwinding of stretched long positioning pushed the DXY below 100, matching the size of the move. |
| EURUSD | 2026-07-30 | 1 | +1.2% | 4.1 | Post-FOMC dollar selloff with weak core PCE and Q2 growth and positioning unwinds weakened USD, contributing to EUR/USD gains. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-21 | [Dollar extends losses to 2-week low as US bond yields fall](https://feedsoft.ai/events/7440-dollar-extends-losses-to-2-week-low-as-us-bond-yields-fall.md) | -0.1% | +0.1% |
| DXY | 2019-06-20 | [Dollar extends losses on Fed rate cut bets](https://feedsoft.ai/events/7441-dollar-extends-losses-on-fed-rate-cut-bets.md) | -1.1% | -0.8% |
| DXY | 2022-07-28 | [Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief](https://feedsoft.ai/events/40759-pound-sterling-extends-gains-against-euro-and-dollar-on-post-fed-relief.md) | -0.3% | +0.2% |
| DXY | 2020-06-19 | [Japan begins to unwind dominant position in dollar swaps with Fed \| Reuters](https://feedsoft.ai/events/52846-japan-begins-to-unwind-dominant-position-in-dollar-swaps-with-fed-reuters.md) | +0.1% | -0.9% |
| DXY | 2020-08-28 | [Dollar extends losses; yen hits new highs after Abe resignation](https://feedsoft.ai/events/51845-dollar-extends-losses-yen-hits-new-highs-after-abe-resignation.md) | -0.5% | +1.0% |
| EURUSD | 2025-11-12 | [EUR/USD extends winning streak as Dollar slips ahead of key US House vote](https://feedsoft.ai/events/22156-eur-usd-extends-winning-streak-as-dollar-slips-ahead-of-key-us-house-vote.md) | +0.3% | +0.9% |
| EURUSD | 2023-07-13 | [Dollar buckles on US disinflation signs as Fed nears end of hiking cycle](https://feedsoft.ai/events/9978-dollar-buckles-on-us-disinflation-signs-as-fed-nears-end-of-hiking-cycle.md) | +0.6% | -1.3% |
| EURUSD | 2023-12-14 | [US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB](https://feedsoft.ai/events/8303-us-dollar-forecast-eur-usd-rally-persists-following-fed-and-ecb.md) | +1.5% | +1.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/us-dollar-post-fed-losses-extend-as-positioning-unwinds-ing-202607311005

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