# Dollar firms as solid US data suggests Fed likely to slow easing cycle | Reuters

> The dollar firmed after solid US data, with rate futures pricing about a 95% chance the Fed would pause in January. Futures also implied only 37 basis points of cuts for 2025, against two expected under the Fed's dot plot.

- Date: 2025-01-07 · published 2025-01-07T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/26419-dollar-firms-as-solid-us-data-suggests-fed-likely-to-slow-easing-cycle-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Fewer expected rate cuts keep the dollar supported, which can weigh on dollar-denominated commodity prices. The effect on feed markets is indirect.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-02 | [Dollar firms after U.S. labor data suggests more rate hikes \| Reuters](https://feedsoft.ai/events/37076-dollar-firms-after-u-s-labor-data-suggests-more-rate-hikes-reuters.md) | +0.7% | -0.8% |
| DXY | 2024-06-07 | [US dollar bounces as strong jobs report likely delays Fed easing this year](https://feedsoft.ai/events/8474-us-dollar-bounces-as-strong-jobs-report-likely-delays-fed-easing-this-year.md) | +1.4% | +0.8% |
| DXY | 2023-04-07 | [Dollar firms as US jobs report backs Fed hike in May \| Reuters](https://feedsoft.ai/events/36583-dollar-firms-as-us-jobs-report-backs-fed-hike-in-may-reuters.md) | -0.8% | -0.2% |
| DXY | 2018-06-13 | [Dollar mostly firmer as Fed sees more U.S. rate hikes \| Reuters](https://feedsoft.ai/events/64708-dollar-mostly-firmer-as-fed-sees-more-u-s-rate-hikes-reuters.md) | +1.3% | +0.6% |
| DXY | 2022-03-10 | [Euro eases after ECB meeting, while dollar firms following inflation data \| Reuters](https://feedsoft.ai/events/9527-euro-eases-after-ecb-meeting-while-dollar-firms-following-inflation-data-reuters.md) | +0.2% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-trades-near-one-week-low-market-ponders-trump-tariffs-2025-01-07/

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