# US dollar rallies on Fed outlook, potential Trump win; inflation weighs on pound

> The dollar rallied on expectations of fewer Fed rate cuts and on the view that a Trump win would bring tax cuts, looser regulation and higher tariffs. Sterling weakened on inflation concerns.

- Date: 2024-10-16 · published 2024-10-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28053-us-dollar-rallies-on-fed-outlook-potential-trump-win-inflation-weighs-on-pound
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of higher US tariffs and a stronger dollar could weaken foreign demand for US exports and strengthen the dollar against importing currencies, pressuring dollar-denominated feed prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-10 | [US dollar extends surge as Trump's triumph boosts inflation outlook - The Business Times](https://feedsoft.ai/events/8179-us-dollar-extends-surge-as-trump-s-triumph-boosts-inflation-outlook-the.md) | +1.9% | +2.3% |
| DXY | 2025-02-12 | [Stocks tumble, dollar rallies as US inflation heats up](https://feedsoft.ai/events/26226-stocks-tumble-dollar-rallies-as-us-inflation-heats-up.md) | -0.5% | -2.0% |
| DXY | 2022-12-28 | [China's yuan weakens as U.S. dollar gains on sustained inflation outlook \| Financial Post](https://feedsoft.ai/events/38448-china-s-yuan-weakens-as-u-s-dollar-gains-on-sustained-inflation-outlook.md) | -0.2% | -2.2% |
| DXY | 2026-03-03 | [US dollar firms on renewed inflation risks; market pares back rate-cut outlook  \| Reuters](https://feedsoft.ai/events/10710-us-dollar-firms-on-renewed-inflation-risks-market-pares-back-rate-cut-outlook.md) | +0.7% | +2.2% |
| DXY | 2016-11-11 | [Expected inflation pop from Trump win pushes dollar to best week in a year \| Reuters](https://feedsoft.ai/events/8175-expected-inflation-pop-from-trump-win-pushes-dollar-to-best-week-in-a-year.md) | +1.4% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/aussie-hit-by-china-stimulus-scepticism-us-dollar-firm-fed-outlook-2024-10-16/

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