# Dollar stands tall in 2024, propped up by cautious Fed, Trump trade

> The dollar finished 2024 firm, on course for strong annual gains against most currencies as investors priced in fewer U.S. rate cuts and the incoming Trump administration's policies. The dollar index was about 108, near its two-year high, and the yen was headed for a roughly 10% decline against the dollar.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/27182-dollar-stands-tall-in-2024-propped-up-by-cautious-fed-trump-trade
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A firm dollar makes U.S. commodities more expensive for foreign buyers, which generally weighs on export demand and prices for grains, oilseeds and meals. Trade policy expectations add to that downside risk for 2025.

## Read by commodity

- DXY: bearish ▼
- SBM: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-03-16 | [US dollar squeezed by cautious Fed – Dailynewsegypt](https://feedsoft.ai/events/72196-us-dollar-squeezed-by-cautious-fed-dailynewsegypt.md) | -1.3% | -1.2% |
| DXY | 2018-01-25 | [President Trump talks up dollar in Davos](https://feedsoft.ai/events/10403-president-trump-talks-up-dollar-in-davos.md) | -0.3% | +0.7% |
| DXY | 2017-03-17 | [Dollar crunched by cautious Fed, bonds and commodities cheer \| Daily FT](https://feedsoft.ai/events/71922-dollar-crunched-by-cautious-fed-bonds-and-commodities-cheer-daily-ft.md) | -0.6% | -0.8% |
| DXY | 2025-01-06 | [Dollar down in choppy trade on Trump tariff confusion \| Reuters](https://feedsoft.ai/events/26719-dollar-down-in-choppy-trade-on-trump-tariff-confusion-reuters.md) | +0.3% | -0.3% |
| DXY | 2025-09-26 | [US dollar at risk if Trump can sway Fed to more dovish stance, says PGIM exec \| Reuters](https://feedsoft.ai/events/23080-us-dollar-at-risk-if-trump-can-sway-fed-to-more-dovish-stance-says-pgim-exec.md) | -0.1% | +0.3% |
| SBM | 2022-05-03 | [Dollar approaches 20-year highs, Fed meeting in focus](https://feedsoft.ai/events/8314-dollar-approaches-20-year-highs-fed-meeting-in-focus.md) | -6.7% | -1.8% |
| SBM | 2018-08-13 | [Turkish crisis drives up dollar in Brazil - ANBA News Agency](https://feedsoft.ai/events/9469-turkish-crisis-drives-up-dollar-in-brazil-anba-news-agency.md) | +2.0% | -2.3% |
| SBM | 2023-09-29 | [China Brief 97 \| China's recovery stalls, Canada-India tensions and trade, and a change to China Brief Canada West FoundationCanada West Foundation](https://feedsoft.ai/events/34055-china-brief-97-china-s-recovery-stalls-canada-india-tensions-and-trade-and-a.md) | -4.6% | +9.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/12/31/dollar-stands-tall-in-2024-propped-up-by-cautious-fed-trump-trade.html

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