# Dollar pulls ahead as markets focus on Trump policies, Fed outlook - Markets - Business Recorder

> The US dollar held firm as traders awaited details of Trump's proposed policies and questioned whether the Fed would cut rates as aggressively. The dollar index was near a one-year high of 107.07, and about 54% odds of a December Fed cut were priced in, down from 82.5% a week earlier.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/27609-dollar-pulls-ahead-as-markets-focus-on-trump-policies-fed-outlook-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar tends to pressure dollar-denominated grain and oilseed prices and makes US exports less competitive. Expectations for slower Fed easing support the dollar.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-17 | [Indian rupee declines as dollar jumps on Fed policy reassessment - Markets - Business Recorder](https://feedsoft.ai/events/36659-indian-rupee-declines-as-dollar-jumps-on-fed-policy-reassessment-markets.md) | +0.4% | +0.4% |
| DXY | 2026-08-31 | [Dollar slips ahead of US jobs data - Markets - Business Recorder](https://feedsoft.ai/events/18078-dollar-slips-ahead-of-us-jobs-data-markets-business-recorder.md) | -0.6% | +1.6% |
| DXY | 2023-01-20 | [Dollar surges against the yen as nerves fray over economic outlook - Markets - Business Recorder](https://feedsoft.ai/events/38010-dollar-surges-against-the-yen-as-nerves-fray-over-economic-outlook-markets.md) | -0.5% | +0.7% |
| DXY | 2022-11-15 | [Dollar rebounds as Fed officials say hikes to continue; yen slumps - Markets - Business Recorder](https://feedsoft.ai/events/38941-dollar-rebounds-as-fed-officials-say-hikes-to-continue-yen-slumps-markets.md) | +1.0% | -1.3% |
| DXY | 2021-06-24 | [Dollar rally sputters as Fed sends mixed signals on inflation - Markets - Business Recorder](https://feedsoft.ai/events/46844-dollar-rally-sputters-as-fed-sends-mixed-signals-on-inflation-markets-business.md) | +0.2% | +1.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40333709

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