# Dollar Gains as Fed Rate-Cut Rethink Fuels Best Year in Nine - Bloomberg

> 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.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/27133-dollar-gains-as-fed-rate-cut-rethink-fuels-best-year-in-nine-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-16 | [USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg](https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg.md) | +0.5% | -0.3% |
| DXY | 2026-06-23 | [Dollar Hits Highest Since November as Fed Rate Hike Bets Strengthen - Bloomberg](https://feedsoft.ai/events/11990-dollar-hits-highest-since-november-as-fed-rate-hike-bets-strengthen-bloomberg.md) | +0.3% | +0.0% |
| DXY | 2026-06-18 | [Dollar Rally Extends as Fed Signals Rate Hike Likely in Coming Months - Bloomberg](https://feedsoft.ai/events/11989-dollar-rally-extends-as-fed-signals-rate-hike-likely-in-coming-months-bloomberg.md) | +1.4% | +1.0% |
| DXY | 2024-02-02 | [Dollar (USD) Hits Near Pre-Pivot Level as Job Data Roils Rate-Cut Bets - Bloomberg](https://feedsoft.ai/events/31872-dollar-usd-hits-near-pre-pivot-level-as-job-data-roils-rate-cut-bets-bloomberg.md) | +0.6% | +0.6% |
| DXY | 2025-09-25 | ['Fedspeak' fuels weekly US Dollar gains; Banxico to cut rates \| Convera](https://feedsoft.ai/events/23123-fedspeak-fuels-weekly-us-dollar-gains-banxico-to-cut-rates-convera.md) | -0.0% | +0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-12-31/dollar-gains-as-fed-rate-cut-rethink-fuels-best-year-since-2015

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