# Dollar stays strong as doubts about Fed rate cuts grow

> The dollar rose on January 13 to 109.94 on the dollar index, pushing peers to multi-year lows. Strong US jobs data led traders to scale back bets on Fed rate cuts this year.

- Date: 2025-01-13 · published 2025-01-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/26701-dollar-stays-strong-as-doubts-about-fed-rate-cuts-grow
- 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

Higher US rates and a firmer dollar reduce the attractiveness of dollar-priced commodities for foreign buyers, a mild bearish factor for grain and meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2026-05-15 | [Dollar climbs for fifth straight day as Fed rate hike bets grow](https://feedsoft.ai/events/19469-dollar-climbs-for-fifth-straight-day-as-fed-rate-hike-bets-grow.md) | +0.6% | +0.7% |
| DXY | 2023-12-15 | [Dollar rebounds as Fed's Williams talks down rate cuts](https://feedsoft.ai/events/8713-dollar-rebounds-as-fed-s-williams-talks-down-rate-cuts.md) | -0.2% | +0.8% |
| DXY | 2025-03-20 | [Dollar rises as Fed sees no rush to cut rates](https://feedsoft.ai/events/25773-dollar-rises-as-fed-sees-no-rush-to-cut-rates.md) | +0.3% | -2.0% |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| CORN | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.4% | +4.0% |
| CORN | 2022-04-01 | [Strong Dollar's Impact on Grain Exports](https://feedsoft.ai/events/42202-strong-dollar-s-impact-on-grain-exports.md) | +3.3% | +5.2% |
| CORN | 2019-04-25 | [Strong dollar punishes grain prices](https://feedsoft.ai/events/7595-strong-dollar-punishes-grain-prices.md) | +0.4% | +6.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/towering-dollar-after-solid-jobs-data-leaves-peers-struggling-2025-01-13/

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