# A Strong U.S. Dollar Weighs on the World

> Roughly two-thirds of about 150 currencies tracked by Bloomberg have weakened against the dollar, driven by shifting expectations about Fed rate cuts from a 20-year high. Capital is flowing into U.S. assets with force felt across Brussels, Beijing, Toronto and Tokyo.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30905-a-strong-u-s-dollar-weighs-on-the-world
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad dollar strength squeezes importers in emerging markets and makes dollar-denominated commodities more expensive for non-US buyers, which tends to weigh on demand and prices for feed inputs.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-24 | [What a stronger dollar means for the world](https://feedsoft.ai/events/48323-what-a-stronger-dollar-means-for-the-world.md) | +0.8% | -0.9% |
| DXY | 2024-04-18 | [How the strong U.S. dollar is rippling through the world economy](https://feedsoft.ai/events/12559-how-the-strong-u-s-dollar-is-rippling-through-the-world-economy.md) | -0.1% | -1.4% |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |
| DXY | 2022-07-16 | [The Dollar Is Extremely Strong, Pushing Down the World](https://feedsoft.ai/events/40787-the-dollar-is-extremely-strong-pushing-down-the-world.md) | -0.8% | -2.0% |

## Sources

- nytimes.com: https://www.nytimes.com/2024/04/29/business/a-strong-us-dollar-weighs-on-the-world.html

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