# Dollar rises from 3-1/2-month low; rate cut bets intact

> The dollar rose from a 3-1/2-month low after US GDP grew at a 5.2% annualized pace. The strong data pushed the odds of a Fed rate cut in March to almost 50%, up from about 35% the previous day, according to CME FedWatch.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/33360-dollar-rises-from-3-1-2-month-low-rate-cut-bets-intact
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes US grain, meal and oilseed exports more expensive for overseas buyers, which can weigh on US futures. Rate-cut bets, however, limit the dollar's upside.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-25 | [Dollar rises from one-month low on prospect of higher interest rates \| Reuters](https://feedsoft.ai/events/7163-dollar-rises-from-one-month-low-on-prospect-of-higher-interest-rates-reuters.md) | +0.4% | +1.7% |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| DXY | 2022-01-28 | [Dollar poised for biggest weekly rise in 7 months on rate bets](https://feedsoft.ai/events/12224-dollar-poised-for-biggest-weekly-rise-in-7-months-on-rate-bets.md) | -0.9% | -0.6% |
| DXY | 2026-06-24 | [U.S. dollar rises to 13-month high on Fed rate hike views](https://feedsoft.ai/events/11992-u-s-dollar-rises-to-13-month-high-on-fed-rate-hike-views.md) | -0.1% | -0.4% |
| DXY | 2024-06-07 | [Dollar rises to highest in a month - Moneyweb](https://feedsoft.ai/events/8476-dollar-rises-to-highest-in-a-month-moneyweb.md) | +1.4% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-slumps-fed-cuts-eyed-aussie-buoyant-ahead-inflation-data-2023-11-29/

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