# US Dollar Forecast: Strong Data Supports DXY Above $106.90 – Gold, GBP/USD, and EUR/USD Outlook

> The US Dollar Index held near 107.09 on November 26 after stronger-than-expected consumer confidence data. EUR/USD and GBP/USD slipped on weak German and UK data, and gold traded near $2,620 under pressure from dollar strength.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27650-us-dollar-forecast-strong-data-supports-dxy-above-106-90-gold-gbp-usd-and-eur
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firm dollar raises the dollar cost of imported feed ingredients for non-US buyers and tends to weigh on dollar-priced commodities, including gold and grains.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/us-dollar-forecast-strong-data-supports-dxy-above-106-90-gold-gbp-usd-and-eur-usd-outlook-1478846

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