# US dollar strengthens ahead of expected Fed rate cut

> The US dollar strengthened against most major currencies after better-than-expected retail sales data. The data reduced expectations of an aggressive Fed rate cut ahead of its first cut in more than four years.

- Date: 2024-09-16 · published 2024-09-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar on reduced easing expectations makes dollar-priced US grains and feed ingredients more costly for overseas buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-24 | [US dollar strengthens to 13-month high on Fed rate hike expectations \| Reuters](https://feedsoft.ai/events/11985-us-dollar-strengthens-to-13-month-high-on-fed-rate-hike-expectations-reuters.md) | -0.1% | -0.4% |
| DXY | 2023-05-23 | [Dollar Strengthens Broadly on Fed Rate Expectations \| The Epoch Times](https://feedsoft.ai/events/36139-dollar-strengthens-broadly-on-fed-rate-expectations-the-epoch-times.md) | +0.4% | -1.1% |
| DXY | 2026-07-23 | [Malaysia's Currency Dips as Dollar Strengthens on Fed Rate Speculation](https://feedsoft.ai/events/18627-malaysia-s-currency-dips-as-dollar-strengthens-on-fed-rate-speculation.md) | +0.2% | -1.9% |
| DXY | 2026-06-17 | [Gold retreats as Fed signals rate hike ahead, dollar strengthens \| Kitco News](https://feedsoft.ai/events/18712-gold-retreats-as-fed-signals-rate-hike-ahead-dollar-strengthens-kitco-news.md) | +1.8% | +0.9% |
| DXY | 2018-11-09 | [Gold edges down as Fed's interest rate view strengthens dollar](https://feedsoft.ai/events/61963-gold-edges-down-as-fed-s-interest-rate-view-strengthens-dollar.md) | +0.2% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/currencies-listless-markets-waffle-over-fed-rate-cut-2024-09-16/

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