# US dollar advances after hawkish Fed comment, economic data | Reuters

> The US dollar firmed against the euro, yen, Swiss franc and commodity currencies after Fed Governor Michelle Bowman said holding rates steady for some time may be enough to tame inflation and reiterated willingness to hike if needed. Fed Governor Lisa Cook said cuts would be appropriate at some point but gave no timing.

- Date: 2024-06-25 · published 2024-06-25T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/29634-us-dollar-advances-after-hawkish-fed-comment-economic-data-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes dollar-priced grains and oilseeds more expensive for foreign buyers, a mild bearish pressure on feed commodity prices and a headwind for commodity currencies.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-28 | [US dollar advances on month-end demand; focus on economic data](https://feedsoft.ai/events/28982-us-dollar-advances-on-month-end-demand-focus-on-economic-data.md) | +0.5% | -0.3% |
| DXY | 2024-10-25 | [Dollar advances after data as eyes turn to jobs report \| Reuters](https://feedsoft.ai/events/28049-dollar-advances-after-data-as-eyes-turn-to-jobs-report-reuters.md) | +0.2% | +2.4% |
| DXY | 2024-09-30 | [Dollar gains as Fed's Powell adopts hawkish tone on economy \| Reuters](https://feedsoft.ai/events/28504-dollar-gains-as-fed-s-powell-adopts-hawkish-tone-on-economy-reuters.md) | +0.9% | +3.1% |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2025-04-30 | [US dollar advances after GDP declines; other reports point to still solid economy \| Reuters](https://feedsoft.ai/events/25320-us-dollar-advances-after-gdp-declines-other-reports-point-to-still-solid.md) | -0.5% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-flirts-with-key-160-yen-level-intervention-risk-looms-2024-06-25/

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