# Dollar on track for best quarter in a year

> The dollar was on track for its biggest quarterly gain in a year and an 11th consecutive weekly gain on Friday. Investors priced in a still-solid US economy and interest rates staying higher for longer after the Federal Reserve warned it may hike again.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/34305-dollar-on-track-for-best-quarter-in-a-year
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger dollar makes US-priced grains and meal less competitive for foreign buyers and tends to pressure dollar-denominated feed commodity prices, while weakening importer currencies raise local feed costs.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-12-30 | [Dollar on track for best year since 2015](https://feedsoft.ai/events/43836-dollar-on-track-for-best-year-since-2015.md) | +0.0% | +0.6% |
| DXY | 2024-04-16 | [USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg](https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg.md) | +0.5% | -0.3% |
| DXY | 2021-03-31 | [U.S. dollar crowns best quarter since June 2018 with one-year high vs. yen](https://feedsoft.ai/events/48351-u-s-dollar-crowns-best-quarter-since-june-2018-with-one-year-high-vs-yen.md) | -0.9% | -2.0% |
| DXY | 2026-06-29 | [Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension \| MarketScreener](https://feedsoft.ai/events/19011-dollar-poised-for-best-month-in-nearly-a-year-eyes-on-jobs-data-gulf-tension.md) | -0.0% | -0.1% |
| DXY | 2024-12-13 | [Dollar set for best week in a month on cautious Fed outlook for 2025](https://feedsoft.ai/events/27205-dollar-set-for-best-week-in-a-month-on-cautious-fed-outlook-for-2025.md) | +1.3% | +2.4% |
| CORN | 2021-12-30 | [Dollar on track for best year since 2015](https://feedsoft.ai/events/43836-dollar-on-track-for-best-year-since-2015.md) | +2.1% | +4.4% |
| CORN | 2024-04-16 | [USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg](https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg.md) | -0.3% | +3.3% |
| CORN | 2019-09-03 | [US dollar just hit 2-year high, closes in on another major milestone](https://feedsoft.ai/events/12331-us-dollar-just-hit-2-year-high-closes-in-on-another-major-milestone.md) | -6.0% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-off-10-month-high-yen-still-under-intervention-watch-2023-09-29/

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