# Strong U.S. economy sends dollar bears into hibernation

> The dollar gained as the US economy remained stronger than expected, which led the Fed to hold off on easing quickly. Markets priced about 85 basis points of 2024 cuts, down from over 150 basis points in early January, and dollar futures positioning turned net long for the first time since November.

- Date: 2024-03-05 · published 2024-03-05T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/31395-strong-u-s-economy-sends-dollar-bears-into-hibernation
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A resilient US economy and fewer expected rate cuts keep the dollar firm, which can weigh on dollar-priced US commodities and support the cost of imports for emerging markets. Feed buyers should expect a stronger-dollar backdrop.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2016-06-16 | [Weak economy and strong dollar both matter](https://feedsoft.ai/events/9291-weak-economy-and-strong-dollar-both-matter.md) | -0.9% | +0.0% |
| DXY | 2023-02-02 | [Oil slumps on economic data, stronger U.S. dollar](https://feedsoft.ai/events/37234-oil-slumps-on-economic-data-stronger-u-s-dollar.md) | +1.3% | +2.1% |
| DXY | 2024-11-22 | [International corn market pressured by strong dollar](https://feedsoft.ai/events/6063-international-corn-market-pressured-by-strong-dollar.md) | -0.4% | +0.6% |
| DXY | 2020-09-23 | [Corn ends lower on strong dollar](https://feedsoft.ai/events/11767-corn-ends-lower-on-strong-dollar.md) | +0.8% | -1.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/strong-us-economy-sends-dollar-bears-into-hibernation-2024-03-05/

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