# Commodities sector eyes fourth weekly gain amid softer dollar and Fed expectations | Saxo UK

> The commodities sector was on track for its fourth straight weekly gain, supported in August by a weaker dollar, lower Treasury yields and expectations of a Fed rate cut at the 18 September FOMC meeting. The sector rose 1.3% over the month, with industrial metals and softs gaining while energy and grains fell. Analysts see the monthly correction as over but expect only limited rebound until global growth improves.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/28685-commodities-sector-eyes-fourth-weekly-gain-amid-softer-dollar-and-fed
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and easing rate expectations lower the cost of holding commodities and support prices broadly, but energy and grain weakness shows the gains are uneven across the complex.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-25 | [Weak U.S. Dollar Benefits Some Ag Commodities \| Feed & Grain](https://feedsoft.ai/events/48780-weak-u-s-dollar-benefits-some-ag-commodities-feed-and-grain.md) | +0.9% | +1.7% |
| DXY | 2025-11-28 | [Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations](https://feedsoft.ai/events/21879-dollar-finishes-lower-and-gold-rallies-on-fed-rate-cut-expectations.md) | -0.5% | -1.5% |
| DXY | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | +0.2% | +1.1% |
| DXY | 2017-10-13 | [Commodities Make Gains as US Dollar Slips](https://feedsoft.ai/events/68392-commodities-make-gains-as-us-dollar-slips.md) | +0.1% | +1.1% |
| DXY | 2017-03-17 | [Dollar crunched by cautious Fed, bonds and commodities cheer \| Daily FT](https://feedsoft.ai/events/71922-dollar-crunched-by-cautious-fed-bonds-and-commodities-cheer-daily-ft.md) | -0.6% | -0.8% |

## Sources

- home.saxo: https://www.home.saxo/en-gb/content/articles/commodities/commodity-weekly---30-august-2024-30082024

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