# Dollar rises as US business activity ticks up in October

> The US dollar rose as US business activity ticked up in October. The available text is limited to the headline and a related unrelated link.

- Date: 2023-10-24 · published 2023-10-24T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/33815-dollar-rises-as-us-business-activity-ticks-up-in-october
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US economic activity supports expectations of higher rates for longer, which lifts the dollar and can pressure dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-31 | [Dollar rises across the board in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/48313-dollar-rises-across-the-board-in-europe-business-and-finance-business-recorder.md) | -0.9% | -2.0% |
| DXY | 2017-05-03 | [Dollar Inches up as Fed Eyed for June Rate Steer \| Fox Business](https://feedsoft.ai/events/71192-dollar-inches-up-as-fed-eyed-for-june-rate-steer-fox-business.md) | +0.6% | -1.2% |
| DXY | 2021-06-29 | [Dollar rises broadly in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/46810-dollar-rises-broadly-in-europe-business-and-finance-business-recorder.md) | +0.8% | +1.1% |
| DXY | 2019-03-04 | [US dollar extends rising streak even as euro slips - The Business Times](https://feedsoft.ai/events/60270-us-dollar-extends-rising-streak-even-as-euro-slips-the-business-times.md) | +0.7% | +0.5% |
| DXY | 2016-11-30 | [Seoul: Won down at 1-week low as US dollar jumps after Opec deal; stocks up - The Business Times](https://feedsoft.ai/events/74046-seoul-won-down-at-1-week-low-as-us-dollar-jumps-after-opec-deal-stocks-up-the.md) | -0.6% | +1.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-dips-ahead-key-us-data-bitcoin-soars-2023-10-24/

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