# Dollar's value climbs amid high interest rates, thriving U.S. economy

> The U.S. dollar has risen about 4% against trade partners this year and roughly 16% against the Japanese yen in 2024, prompting complaints from Japan and South Korea. Strong U.S. growth, earnings potential and high interest rates are drawing global capital into dollars.

- Date: 2024-04-23 · published 2024-04-23T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/30912-dollar-s-value-climbs-amid-high-interest-rates-thriving-u-s-economy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A strong dollar against the yen and won raises the cost of dollar-priced feed imports for Japan and South Korea, which can weigh on their demand for US feed grains and meal.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-28 | [The Dollar Is Still King in Europe, and It’s Swaying Interest Rates - WSJ](https://feedsoft.ai/events/36156-the-dollar-is-still-king-in-europe-and-it-s-swaying-interest-rates-wsj.md) | -0.5% | -1.4% |
| 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 | 2024-01-04 | [Dollar climbs to two-month high against dong - VnExpress International](https://feedsoft.ai/events/32423-dollar-climbs-to-two-month-high-against-dong-vnexpress-international.md) | +0.1% | +0.5% |
| DXY | 2018-02-28 | [Will the Australian dollar get crushed as US interest rates storm higher? - ABC News](https://feedsoft.ai/events/66746-will-the-australian-dollar-get-crushed-as-us-interest-rates-storm-higher-abc.md) | -0.1% | -0.5% |
| DXY | 2017-09-18 | [Dollar hits seven week high against the yen as Fed meeting on US interest rates eyed \| South China Morning Post](https://feedsoft.ai/events/69174-dollar-hits-seven-week-high-against-the-yen-as-fed-meeting-on-us-interest-rates.md) | +0.4% | +2.1% |

## Sources

- marketplace.org: https://www.marketplace.org/story/2024/04/23/why-does-the-world-want-dollars-because-of-high-interest-rates-thriving-economy-in-u-s

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