# USD gains on Fed Waller’s ‘no rush’ comment but may struggle to extend further – Scotiabank — Octa

> The US dollar gained after Fed Governor Waller said there was 'no rush' to cut rates and that recent data had been disappointing. Scotiabank said the rally may struggle to extend further because yields and rate spreads did not move enough to sustain it.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31390-usd-gains-on-fed-waller-s-no-rush-comment-but-may-struggle-to-extend-further
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar weighs on US commodity prices in dollar terms and makes US exports less competitive abroad. The move looks modest, so the impact on feed prices should be limited.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-08 | [USD to extend its gains short term, but a broad-based decline is only delayed – ING — Octa](https://feedsoft.ai/events/37063-usd-to-extend-its-gains-short-term-but-a-broad-based-decline-is-only-delayed.md) | -0.4% | -1.9% |
| 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 | 2022-03-03 | [Euro extends recent fall; dollar gains on data, Powell comments - Business & Finance - Business Recorder](https://feedsoft.ai/events/12081-euro-extends-recent-fall-dollar-gains-on-data-powell-comments-business-and.md) | +0.7% | -0.6% |
| DXY | 2018-07-31 | [GBP/USD reverses BoE rate hike expectations bid - Scotiabank — Octa](https://feedsoft.ai/events/64273-gbp-usd-reverses-boe-rate-hike-expectations-bid-scotiabank-octa.md) | +0.6% | +0.6% |
| DXY | 2020-08-19 | [Dollar gains but Wall Street retreats as Fed nixes dovish measure](https://feedsoft.ai/events/51531-dollar-gains-but-wall-street-retreats-as-fed-nixes-dovish-measure.md) | +0.2% | -1.0% |

## Sources

- octabroker.com: https://www.octabroker.com/markets/news/view/1094861/

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