# US dollar continues uptrend as Fed policy provides lift

> The dollar hit its highest level since early August as Fed Governor Christopher Waller called for more caution on rate cuts. The euro fell to its lowest since August ahead of an expected ECB cut, and sterling was steady after weaker UK wage data.

- Date: 2024-10-15 · published 2024-10-15T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28054-us-dollar-continues-uptrend-as-fed-policy-provides-lift
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar on delayed Fed easing raises the cost of US feed exports for foreign buyers, a mild bearish factor for US commodity prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-27 | [Pound Slides As War Risks Lift The US Dollar - Finimize](https://feedsoft.ai/events/20432-pound-slides-as-war-risks-lift-the-us-dollar-finimize.md) | +0.1% | -1.4% |
| DXY | 2021-11-02 | [Dollar firms as Fed policy meeting gets underway](https://feedsoft.ai/events/44299-dollar-firms-as-fed-policy-meeting-gets-underway.md) | -0.3% | +1.5% |
| DXY | 2025-07-31 | [Fed & macro moves send US Dollar up \| Convera](https://feedsoft.ai/events/23954-fed-and-macro-moves-send-us-dollar-up-convera.md) | -0.7% | -0.6% |
| DXY | 2024-11-11 | [Gold drops over 2% as dollar strengthens; investors await Fed policy cues](https://feedsoft.ai/events/27337-gold-drops-over-2-as-dollar-strengthens-investors-await-fed-policy-cues.md) | +0.8% | +1.1% |
| DXY | 2026-01-29 | [GBP/USD slides below 1.3780 as Fed hold lifts the Dollar](https://feedsoft.ai/events/21301-gbp-usd-slides-below-1-3780-as-fed-hold-lifts-the-dollar.md) | +0.6% | +0.3% |
| EURUSD | 2024-06-14 | [EUR/USD plummets to 1.0670 as Fed's hawkish policy keeps US Dollar firm](https://feedsoft.ai/events/29980-eur-usd-plummets-to-1-0670-as-fed-s-hawkish-policy-keeps-us-dollar-firm.md) | -0.6% | +1.5% |
| EURUSD | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | -1.3% | -1.1% |
| EURUSD | 2026-06-19 | [Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside](https://feedsoft.ai/events/11518-euro-steadies-as-the-us-dollar-eases-but-hawkish-fed-bets-limit-upside.md) | -0.6% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-over-two-month-high-yen-near-150dlr-2024-10-15/

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