# Dollar Index Catches Up With Fundamentals

> On September 26, sterling fell to a six-month low against the dollar and came close to its weakest level in four months against the euro. Rising US bond yields lifted the dollar, and analysts said the Bank of England's pause removed support for the pound.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34359-dollar-index-catches-up-with-fundamentals
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar gains driven by higher US yields tighten global financial conditions and tend to pressure dollar-priced agricultural commodities and import costs for non-US feed buyers.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-04-29 | [US Dollar Index Extends Rebound](https://feedsoft.ai/events/19917-us-dollar-index-extends-rebound.md) | -0.1% | +0.3% |
| DXY | 2022-03-31 | [FX: Time to reconnect with rates and fundamentals \| articles \| ING THINK](https://feedsoft.ai/events/42467-fx-time-to-reconnect-with-rates-and-fundamentals-articles-ing-think.md) | +0.8% | +3.8% |
| DXY | 2020-03-23 | [US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/54383-us-dollar-fundamental-outlook-usd-sgd-usd-idr-usd-myr-usd-php-forex-trading.md) | -2.0% | -1.7% |
| DXY | 2021-03-01 | [Dollar index hits 3-week high on US growth hopes](https://feedsoft.ai/events/10062-dollar-index-hits-3-week-high-on-us-growth-hopes.md) | +0.8% | +0.8% |
| DXY | 2016-11-16 | [Dollar index surges to 14-year high](https://feedsoft.ai/events/8327-dollar-index-surges-to-14-year-high.md) | +0.6% | -0.0% |

## Sources

- wsj.com: https://www.wsj.com/economy/central-banking/asian-currencies-consolidate-may-weaken-on-rising-treasury-yields-292c0bae

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