# USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg

> The Bloomberg Dollar Spot Index climbed for a fifth straight day, gaining roughly 2% and posting its biggest advance since February 2023. Investors bid the dollar on expectations US rates will stay high and on safe-haven demand amid Middle East tensions.

- Date: 2024-04-16 · published 2024-04-16T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar makes dollar-priced commodities more expensive for foreign buyers, typically pressuring grain and meal prices, while Middle East risk can add some offsetting support to energy-linked costs.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2024-04-16 | 5 | +2.0% | 2.9 | Directly describes the dollar index's ~2% five-day gain to 2024-04-16, driven by expectations of delayed Fed cuts and safe-haven demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-31 | [Dollar Gains as Fed Rate-Cut Rethink Fuels Best Year in Nine - Bloomberg](https://feedsoft.ai/events/27133-dollar-gains-as-fed-rate-cut-rethink-fuels-best-year-in-nine-bloomberg.md) | -0.2% | -0.4% |
| DXY | 2021-10-01 | [Dollar heads for best week in months as Fed tightening looms](https://feedsoft.ai/events/44797-dollar-heads-for-best-week-in-months-as-fed-tightening-looms.md) | -0.1% | -0.4% |
| DXY | 2025-05-18 | [IDR/USD: Indonesian Rupiah Set for Rally in Second Half on Weaker Dollar - Bloomberg](https://feedsoft.ai/events/24975-idr-usd-indonesian-rupiah-set-for-rally-in-second-half-on-weaker-dollar.md) | -1.4% | -2.4% |
| DXY | 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) | +1.1% | +0.9% |
| DXY | 2021-11-23 | [Dollar Surges to Four-Year High Against Yen on Faster Hike Bets - Bloomberg](https://feedsoft.ai/events/44277-dollar-surges-to-four-year-high-against-yen-on-faster-hike-bets-bloomberg.md) | +0.5% | +0.4% |
| 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 | 2021-12-30 | [Dollar on track for best year since 2015](https://feedsoft.ai/events/43836-dollar-on-track-for-best-year-since-2015.md) | +2.1% | +4.4% |
| CORN | 2017-02-14 | [US Dollar Helped by Yellen, GBP/USD Looking Overpriced on Interest Rate Spread Analysis](https://feedsoft.ai/events/72743-us-dollar-helped-by-yellen-gbp-usd-looking-overpriced-on-interest-rate-spread.md) | -0.2% | -2.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-04-16/usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts

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