# Commodity markets witnessed downward pressure last week

> Commodity markets fell last week as the US dollar strengthened on expectations that the Fed may cut rates later than other central banks. The Fed held its policy rate at 5.25% to 5.50%, and the Swiss National Bank cut its rate to 1.50%.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31100-commodity-markets-witnessed-downward-pressure-last-week
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes dollar-priced commodities more expensive for foreign buyers, which pressures prices. For feed markets the effect is indirect and modest.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-02 | [Selling pressure continues in commodity market](https://feedsoft.ai/events/9743-selling-pressure-continues-in-commodity-market.md) | +0.3% | -1.0% |
| DXY | 2022-04-25 | [Fed’s hawkish stance keeps commodity markets under pressure](https://feedsoft.ai/events/41759-fed-s-hawkish-stance-keeps-commodity-markets-under-pressure.md) | +1.2% | +1.1% |
| DXY | 2022-09-26 | [Commodity prices down last week amid hawkish monetary policies, recession fears](https://feedsoft.ai/events/11907-commodity-prices-down-last-week-amid-hawkish-monetary-policies-recession-fears.md) | +0.2% | +0.6% |
| DXY | 2023-02-28 | [Dollar advances and heaps pressure on commodity currencies](https://feedsoft.ai/events/37239-dollar-advances-and-heaps-pressure-on-commodity-currencies.md) | -0.7% | -0.9% |
| DXY | 2022-07-18 | [Recession concerns, dollar demand clamp down on commodity market](https://feedsoft.ai/events/40398-recession-concerns-dollar-demand-clamp-down-on-commodity-market.md) | -0.8% | -2.0% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/economy/commodity-markets-witnessed-downward-pressure-last-week/3174400

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