# Dollar edges higher as Fed rates view sets direction

> The dollar edged higher and has risen more than 7% since late September. Gains were driven by expectations of faster U.S. growth under incoming Trump policies, while sticky inflation has limited expectations for Fed easing.

- Date: 2024-12-24 · published 2024-12-24T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/27135-dollar-edges-higher-as-fed-rates-view-sets-direction
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A rising dollar on growth and sticky-inflation expectations makes dollar-priced commodities costlier abroad, a modest bearish influence on feed ingredient demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-15 | [Dollar charges higher after Fed hikes rates](https://feedsoft.ai/events/6465-dollar-charges-higher-after-fed-hikes-rates.md) | +1.6% | +1.1% |
| DXY | 2018-11-09 | [Gold edges down as Fed's interest rate view strengthens dollar](https://feedsoft.ai/events/61963-gold-edges-down-as-fed-s-interest-rate-view-strengthens-dollar.md) | +0.2% | +1.0% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |
| DXY | 2017-11-01 | [U.S. Dollar Edges Higher as Trump Picks Powell to Head Fed - WSJ](https://feedsoft.ai/events/68152-u-s-dollar-edges-higher-as-trump-picks-powell-to-head-fed-wsj.md) | +0.1% | -1.2% |
| DXY | 2021-06-17 | [Dollar surges to two-month high on Fed rate-hike projection](https://feedsoft.ai/events/5930-dollar-surges-to-two-month-high-on-fed-rate-hike-projection.md) | +1.1% | +1.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-firms-us-rates-outlook-dominates-2024-12-24/

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