# How the strong U.S. dollar is rippling through the world economy

> A surge in the US dollar against most major currencies is squeezing policymakers abroad, with weaker currencies fueling imported inflation and dollar debts becoming costlier. Indonesia intervened this week to defend its currency as capital flowed out, while the Fed's hawkish tone contrasts with the ECB's expected June cut.

- Date: 2024-04-18 · published 2024-04-18T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12559-how-the-strong-u-s-dollar-is-rippling-through-the-world-economy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker emerging-market currencies raise the local cost of imported feed and can curb demand from key importers, adding downward pressure on dollar-priced grain and meal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-29 | [A Strong U.S. Dollar Weighs on the World](https://feedsoft.ai/events/30905-a-strong-u-s-dollar-weighs-on-the-world.md) | -0.7% | -1.1% |
| DXY | 2022-07-16 | [The Dollar Is Extremely Strong, Pushing Down the World](https://feedsoft.ai/events/40787-the-dollar-is-extremely-strong-pushing-down-the-world.md) | -0.8% | -2.0% |
| DXY | 2022-10-24 | [The US Dollar is much stronger - how will it impact the Australian economy? \| Investing.com AU](https://feedsoft.ai/events/39396-the-us-dollar-is-much-stronger-how-will-it-impact-the-australian-economy.md) | -0.4% | -2.3% |
| DXY | 2022-08-29 | [Why is the U.S. dollar so strong right now? - Marketplace](https://feedsoft.ai/events/40218-why-is-the-u-s-dollar-so-strong-right-now-marketplace.md) | +0.6% | +4.4% |
| DXY | 2022-08-31 | [How is a strong U.S. dollar affecting imports and exports?](https://feedsoft.ai/events/40256-how-is-a-strong-u-s-dollar-affecting-imports-and-exports.md) | +0.9% | +3.6% |
| EURUSD | 2022-07-01 | [Why has the dollar been so strong – and can it continue?](https://feedsoft.ai/events/40856-why-has-the-dollar-been-so-strong-and-can-it-continue.md) | -2.8% | -2.6% |
| EURUSD | 2022-04-28 | [Why the turbo-charged US dollar is causing headaches around the world \| Money News \| Sky News](https://feedsoft.ai/events/42089-why-the-turbo-charged-us-dollar-is-causing-headaches-around-the-world-money.md) | -0.1% | +1.0% |
| EURUSD | 2023-05-28 | [The Dollar Is Still King in Europe, and It’s Swaying Interest Rates - WSJ](https://feedsoft.ai/events/36156-the-dollar-is-still-king-in-europe-and-it-s-swaying-interest-rates-wsj.md) | +0.1% | +2.3% |

## Sources

- axios.com: https://www.axios.com/2024/04/18/usd-world-economy

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