# Dollar rebounds on high US import prices | Reuters

> The dollar rose on May 16 after US import prices increased 0.9% in April, a larger-than-expected jump. The data raised concerns that the Federal Reserve's fight against inflation is not finished and could delay rate cuts.

- Date: 2024-05-16 · published 2024-05-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/30142-dollar-rebounds-on-high-us-import-prices-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar makes US commodities more expensive for foreign buyers and typically pressures grain and meal export prices slightly lower.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-04-29 | [US Dollar Index Extends Rebound](https://feedsoft.ai/events/19917-us-dollar-index-extends-rebound.md) | -0.1% | +0.3% |
| DXY | 2023-05-18 | [Oil prices settle down 1%; strong US data boosts dollar \| Reuters](https://feedsoft.ai/events/36137-oil-prices-settle-down-1-strong-us-data-boosts-dollar-reuters.md) | +0.7% | -0.9% |
| DXY | 2024-05-14 | [Dollar slips after unexpected rise in US producer prices \| Reuters](https://feedsoft.ai/events/30427-dollar-slips-after-unexpected-rise-in-us-producer-prices-reuters.md) | -0.7% | +1.6% |
| DXY | 2022-11-01 | [Gold prices edge down after dollar's rebound](https://feedsoft.ai/events/39042-gold-prices-edge-down-after-dollar-s-rebound.md) | -1.0% | -3.2% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| CORN | 2023-04-17 | [Dollar rebounds on higher expectations for Fed hike in May \| IBTimes UK](https://feedsoft.ai/events/36609-dollar-rebounds-on-higher-expectations-for-fed-hike-in-may-ibtimes-uk.md) | -1.9% | -3.1% |
| CORN | 2021-06-18 | [Hawkish Bullard sends US Dollar higher](https://feedsoft.ai/events/5935-hawkish-bullard-sends-us-dollar-higher.md) | +0.3% | -5.2% |
| CORN | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | -2.3% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-sags-slower-us-inflation-boosts-rate-cut-expectations-2024-05-16/

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