# US dollar just hit 2-year high, closes in on another major milestone

> The US Dollar Index rose to 99.37, its highest level since May 2017, as slowing global growth and aggressive monetary easing abroad drew investors into the reserve currency. Around $15 trillion of government bonds trade at negative yields globally, while US bonds remain positive.

- Date: 2019-09-03 · published 2019-09-03T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12331-us-dollar-just-hit-2-year-high-closes-in-on-another-major-milestone
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A dollar at a two-year high raises the cost of US commodity exports for overseas buyers, which pressures US feed grain and meal prices. The trend also reflects weak global demand growth, which weighs on commodity demand.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-13 | [Dollar hits one-year high on Trump trades](https://feedsoft.ai/events/7556-dollar-hits-one-year-high-on-trump-trades.md) | -0.3% | +0.1% |
| DXY | 2021-03-31 | [US dollar rises to one-year high against Japan's yen \| The Straits Times](https://feedsoft.ai/events/48355-us-dollar-rises-to-one-year-high-against-japan-s-yen-the-straits-times.md) | -0.9% | -2.0% |
| DXY | 2025-01-13 | [The US dollar is at its highest level in two years.](https://feedsoft.ai/events/26839-the-us-dollar-is-at-its-highest-level-in-two-years.md) | -0.3% | -0.9% |
| DXY | 2021-03-31 | [U.S. dollar crowns best quarter since June 2018 with one-year high vs. yen](https://feedsoft.ai/events/48351-u-s-dollar-crowns-best-quarter-since-june-2018-with-one-year-high-vs-yen.md) | -0.9% | -2.0% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| CORN | 2023-09-29 | [Dollar on track for best quarter in a year](https://feedsoft.ai/events/34305-dollar-on-track-for-best-quarter-in-a-year.md) | +1.9% | +0.9% |
| CORN | 2022-05-05 | [Dollar index hits 20-year high, sterling tumbles on dovish BoE](https://feedsoft.ai/events/8318-dollar-index-hits-20-year-high-sterling-tumbles-on-dovish-boe.md) | +6.2% | +0.4% |
| CORN | 2024-05-01 | [US dollar modestly higher as sticky inflation persists, yen hits 34-year low](https://feedsoft.ai/events/12558-us-dollar-modestly-higher-as-sticky-inflation-persists-yen-hits-34-year-low.md) | +2.6% | +7.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/09/03/the-us-dollar-just-hit-a-two-year-high-and-is-threatening-to-make-another-major-milestone.html

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