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The Bloomberg Dollar Spot Index reached its highest since November 2022 and is up 8% this year, its biggest annual gain since 2015. The rally followed resilient U.S. growth that led traders to scale back expectations for Fed easing.
The strongest annual dollar gain in nearly a decade lifts the cost of U.S. commodities abroad and can cap export demand for feed grains and meals.
bloomberg.comAnya AndrianovaDec 31, 2024After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
