# Dollar gains before Fed, March rate cut seen less likely - Business & Finance - Business Recorder

> The dollar rose on Monday as investors priced out an imminent Fed rate cut ahead of the central bank's meeting. Traders cut odds of a rate reduction to 49% from 73% a month earlier, and the dollar index is set for a 2.4% gain in January.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32290-dollar-gains-before-fed-march-rate-cut-seen-less-likely-business-and-finance
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar on reduced rate-cut odds makes dollar-priced commodities more expensive for importers and tends to pressure grain and oilseed futures.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-27 | [Dollar set for second straight week of gains - Business & Finance - Business Recorder](https://feedsoft.ai/events/23096-dollar-set-for-second-straight-week-of-gains-business-and-finance-business.md) | -0.3% | +0.3% |
| DXY | 2023-05-31 | [Dollar higher - Business & Finance - Business Recorder](https://feedsoft.ai/events/36152-dollar-higher-business-and-finance-business-recorder.md) | -0.5% | -1.0% |
| DXY | 2021-03-06 | [Dollar gains across the board in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/11417-dollar-gains-across-the-board-in-europe-business-and-finance-business-recorder.md) | -0.6% | -0.0% |
| DXY | 2021-06-18 | [Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder.md) | -0.2% | +0.4% |
| DXY | 2024-06-22 | [Asian FX muted on robust dollar - Business & Finance - Business Recorder](https://feedsoft.ai/events/30050-asian-fx-muted-on-robust-dollar-business-and-finance-business-recorder.md) | +0.1% | -0.7% |
| EURUSD | 2023-05-31 | [Dollar higher - Business & Finance - Business Recorder](https://feedsoft.ai/events/36152-dollar-higher-business-and-finance-business-recorder.md) | -0.3% | +1.7% |
| EURUSD | 2021-03-06 | [Dollar gains across the board in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/11417-dollar-gains-across-the-board-in-europe-business-and-finance-business-recorder.md) | +0.3% | -1.3% |
| EURUSD | 2021-06-18 | [Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40286333

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