# Dollar edges up as US economic growth accelerates

> The dollar edged higher as U.S. economic growth accelerated. The yen weakened to a one-year low of 150.78 per dollar, close to the 32-year low touched in October last year, and markets were focused on a possible change to the Bank of Japan's yield control policy.

- Date: 2023-10-26 · published 2023-10-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33870-dollar-edges-up-as-us-economic-growth-accelerates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Stronger U.S. growth and rate expectations support the dollar, which tends to pressure dollar-denominated grain and meal prices and raises the cost of imports priced in other currencies.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-08-29 | [Dollar edges up ahead of data \| Convera](https://feedsoft.ai/events/34819-dollar-edges-up-ahead-of-data-convera.md) | +0.9% | +1.8% |
| DXY | 2024-08-28 | [US dollar advances on month-end demand; focus on economic data](https://feedsoft.ai/events/28982-us-dollar-advances-on-month-end-demand-focus-on-economic-data.md) | +0.5% | -0.3% |
| DXY | 2025-08-29 | [Market Wire: Dollar Firms As US Inflation Accelerates, Loonie Tumbles On Disappointing Growth Data \| Corpay](https://feedsoft.ai/events/23554-market-wire-dollar-firms-as-us-inflation-accelerates-loonie-tumbles-on.md) | -0.1% | +0.1% |
| DXY | 2024-01-30 | [Loonie Dips Amid US Dollar Strength; Eyes Fed Rate Decision, Economic Data](https://feedsoft.ai/events/32337-loonie-dips-amid-us-dollar-strength-eyes-fed-rate-decision-economic-data.md) | +0.4% | +0.1% |
| DXY | 2017-11-29 | [Yen Dips as US GDP Accelerates in Q3 - ActionForex](https://feedsoft.ai/events/68215-yen-dips-as-us-gdp-accelerates-in-q3-actionforex.md) | +0.2% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-firms-yen-weakens-intervention-wary-level-2023-10-26/

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