# Dollar's largest monthly gain since September | EBC Financial Group

> The dollar was on track for its biggest monthly gain since September, and the yen dropped sharply as markets reconsidered Fed and BOJ rate moves. Bond futures now price two quarter-point Fed cuts in 2024, with the first in August, and Evergrande was ordered wound up in Hong Kong.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32400-dollar-s-largest-monthly-gain-since-september-ebc-financial-group
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US-priced commodities more expensive for buyers outside the US and can weigh on export demand. The Evergrande news also points to weaker Chinese property-linked demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-28 | [Dollar edges higher, headed for 1st monthly gain since September](https://feedsoft.ai/events/37570-dollar-edges-higher-headed-for-1st-monthly-gain-since-september.md) | -0.7% | -0.9% |
| DXY | 2021-06-30 | [U.S. dollar posts best month since November 2016; nonfarm payrolls loom \| Financial Post](https://feedsoft.ai/events/46778-u-s-dollar-posts-best-month-since-november-2016-nonfarm-payrolls-loom-financial.md) | +0.8% | +0.8% |
| DXY | 2024-10-28 | [Sterling on track for biggest monthly fall since September 2023 vs dollar](https://feedsoft.ai/events/28096-sterling-on-track-for-biggest-monthly-fall-since-september-2023-vs-dollar.md) | +0.2% | +1.9% |
| DXY | 2016-11-30 | [US dollar extends gain against yen after best month since 1995](https://feedsoft.ai/events/74082-us-dollar-extends-gain-against-yen-after-best-month-since-1995.md) | -0.6% | +1.3% |
| DXY | 2022-10-31 | [Strong U.S. dollar, yields put gold on track for seventh monthly fall \| Financial Post](https://feedsoft.ai/events/39039-strong-u-s-dollar-yields-put-gold-on-track-for-seventh-monthly-fall-financial.md) | -0.1% | -2.8% |

## Sources

- ebc.com: https://www.ebc.com/forex/dollar-s-largest-monthly-gain-since-september

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