# Dollar gains on risk sentiment, Swiss franc falls on surprise rate cut

> The dollar rose after the Swiss National Bank made a surprise interest rate cut, which lifted global risk sentiment. Sterling fell after the Bank of England held rates, and risk assets rallied after the Fed signalled a less restrictive policy path than expected.

- Date: 2024-03-21 · published 2024-03-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31392-dollar-gains-on-risk-sentiment-swiss-franc-falls-on-surprise-rate-cut
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger risk appetite and dollar moves shift currency-driven trade flows and can change the relative price of imported feed ingredients. The effect on grain prices is likely small and short-lived.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-01-28 | [South Africa's rand falls as risk-off sentiment lifts dollar](https://feedsoft.ai/events/49431-south-africa-s-rand-falls-as-risk-off-sentiment-lifts-dollar.md) | +0.2% | -0.1% |
| DXY | 2025-05-22 | [US dollar gains, sentiment still frayed; euro falters \| Reuters](https://feedsoft.ai/events/24909-us-dollar-gains-sentiment-still-frayed-euro-falters-reuters.md) | -0.2% | -0.6% |
| 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 | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| DXY | 2026-02-06 | [Won-Dollar Rate Breaks 1,470 on Risk-Off Sentiment - Seoul Economic Daily](https://feedsoft.ai/events/20839-won-dollar-rate-breaks-1-470-on-risk-off-sentiment-seoul-economic-daily.md) | -0.8% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-slips-fed-stays-course-aussie-jumps-jobs-data-2024-03-21/

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