# Middle Eastern tensions are making the US dollar "hotter" than gold.

> The US dollar index rose 0.26% to 102.48 on Friday after stronger-than-expected December US inflation data, and the dollar held gains amid US and British strikes on Houthi targets in Yemen. Traders priced a 68% chance of a first Fed rate cut in March.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/32426-middle-eastern-tensions-are-making-the-us-dollar-hotter-than-gold
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer dollar and geopolitical tension in the Red Sea lift freight and energy risk, which can weigh on dollar-denominated feed commodity prices and raise import costs.

## Read by commodity

- DXY: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-12 | [Yuan Slips As Middle East Tensions Keep The Dollar On Top - Finimize](https://feedsoft.ai/events/11680-yuan-slips-as-middle-east-tensions-keep-the-dollar-on-top-finimize.md) | +0.5% | -0.2% |
| DXY | 2026-03-01 | [Oil jumps, dollar rallies with gold as conflict grips Middle East \| Reuters](https://feedsoft.ai/events/10713-oil-jumps-dollar-rallies-with-gold-as-conflict-grips-middle-east-reuters.md) | +1.4% | +2.6% |
| DXY | 2022-01-24 | [Ukraine tensions lift dollar, send euro lower](https://feedsoft.ai/events/6267-ukraine-tensions-lift-dollar-send-euro-lower.md) | +1.2% | +0.2% |
| DXY | 2022-01-24 | [Ukraine tensions lift dollar, yuan holds firm \| Financial Post](https://feedsoft.ai/events/6266-ukraine-tensions-lift-dollar-yuan-holds-firm-financial-post.md) | +1.2% | +0.2% |
| DXY | 2019-07-17 | [Gold, dollar favored amid growing uncertainties - The Korea Times](https://feedsoft.ai/events/58307-gold-dollar-favored-amid-growing-uncertainties-the-korea-times.md) | +0.3% | +1.5% |
| BRENT | 2019-06-14 | [Oil Market: Middle East tanker attacks, US-Iran tensions in focus](https://feedsoft.ai/events/58767-oil-market-middle-east-tanker-attacks-us-iran-tensions-in-focus.md) | +4.3% | +7.7% |
| BRENT | 2020-01-07 | [US, Iran tensions: Oil traders fear supply disruptions in Middle East](https://feedsoft.ai/events/55332-us-iran-tensions-oil-traders-fear-supply-disruptions-in-middle-east.md) | -7.8% | -22.1% |
| BRENT | 2024-10-02 | [CPO Futures Close Higher Amid Rising Tension In The Middle East - Malaysia News Gazette](https://feedsoft.ai/events/7242-cpo-futures-close-higher-amid-rising-tension-in-the-middle-east-malaysia-news.md) | +4.4% | -4.5% |

## Sources

- vietnam.vn: https://www.vietnam.vn/en/cang-thang-trung-dong-lam-dong-do-la-my-nong-hon-vang

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