# DXY gains on inflation risks as FOMC looms | Convera

> The dollar index posted its best daily gain in a month after a run of hotter-than-expected US inflation data cast doubt on the timing and size of Federal Reserve rate cuts. US 10-year yields rose toward their biggest weekly gain since October, and global stocks slipped.

- Date: 2024-03-15 · published 2024-03-15T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31470-dxy-gains-on-inflation-risks-as-fomc-looms-convera
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger dollar and higher US yields tend to pressure dollar-denominated grain and oilseed prices and reduce demand for US exports, which is bearish for feed commodities.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-01-30 | [Dollar gains as FOMC decision looms \| Convera](https://feedsoft.ai/events/32344-dollar-gains-as-fomc-decision-looms-convera.md) | +0.4% | +0.1% |
| DXY | 2026-03-27 | [Dollar’s Surprise Gain Confounds Forecasters, Risks Adding to Inflation - Bloomberg](https://feedsoft.ai/events/20348-dollar-s-surprise-gain-confounds-forecasters-risks-adding-to-inflation-bloomberg.md) | +0.1% | -1.4% |
| DXY | 2024-02-14 | [Volatility spikes after inflation reports \| Convera](https://feedsoft.ai/events/31923-volatility-spikes-after-inflation-reports-convera.md) | -0.4% | -1.3% |
| DXY | 2021-05-26 | [Equities, dollar rise as Fed officials downplay inflation concerns](https://feedsoft.ai/events/47004-equities-dollar-rise-as-fed-officials-downplay-inflation-concerns.md) | -0.2% | +1.4% |
| DXY | 2026-08-31 | [Euro holds modest gains as US Dollar lacks momentum, Eurozone inflation in focus](https://feedsoft.ai/events/18098-euro-holds-modest-gains-as-us-dollar-lacks-momentum-eurozone-inflation-in-focus.md) | -0.6% | +1.6% |
| CORN | 2025-08-29 | [Market Wire: Dollar Firms As US Inflation Accelerates, Loonie Tumbles On Disappointing Growth Data \| Corpay](https://feedsoft.ai/events/23554-market-wire-dollar-firms-as-us-inflation-accelerates-loonie-tumbles-on.md) | +3.3% | +8.5% |
| CORN | 2022-10-18 | [Dollar Appreciation and Inflation \| Richmond Fed](https://feedsoft.ai/events/39035-dollar-appreciation-and-inflation-richmond-fed.md) | -0.9% | -2.3% |
| CORN | 2022-07-26 | [Inflation-Hit Consumers Are Trading Down to Chicken From Beef - Bloomberg](https://feedsoft.ai/events/40642-inflation-hit-consumers-are-trading-down-to-chicken-from-beef-bloomberg.md) | +6.6% | +4.6% |

## Sources

- convera.com: https://convera.com/blog/market-insights/fx-research/daily-market-updates/dxy-gains-on-inflation-risks-as-fomc-looms/

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