# US exceptionalism trade lifts dollar, supports rate expectations across the curve – Corpay Currency Research

> The dollar rose against major currencies after US consumer spending beat expectations in July. Core PCE inflation rose 0.2% month-on-month and 4.2% year-on-year. The data supported bets that the Federal Reserve would keep rates elevated for an extended period.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34481-us-exceptionalism-trade-lifts-dollar-supports-rate-expectations-across-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher-for-longer rate expectations tend to weigh on US commodity prices and make US exports less competitive abroad.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-11-27 | [AUD/USD: Dollar Rallies As US GDP Beats Expectations - Currency Live](https://feedsoft.ai/events/56326-aud-usd-dollar-rallies-as-us-gdp-beats-expectations-currency-live.md) | -0.3% | -1.6% |
| DXY | 2024-11-15 | [Dollar notches weekly gain as traders reassess rate cut expectations](https://feedsoft.ai/events/12704-dollar-notches-weekly-gain-as-traders-reassess-rate-cut-expectations.md) | +0.1% | +0.2% |
| DXY | 2022-06-20 | [US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa](https://feedsoft.ai/events/41145-us-dollar-to-remain-resilient-amid-the-re-pricing-higher-in-fed-s-rate.md) | -0.9% | +1.0% |
| DXY | 2023-05-23 | [Dollar Strengthens Broadly on Fed Rate Expectations \| The Epoch Times](https://feedsoft.ai/events/36139-dollar-strengthens-broadly-on-fed-rate-expectations-the-epoch-times.md) | +0.4% | -1.1% |
| DXY | 2025-02-05 | [More crowded US dollar trade ramps up expectations for euro parity: Reuters poll](https://feedsoft.ai/events/26273-more-crowded-us-dollar-trade-ramps-up-expectations-for-euro-parity-reuters-poll.md) | +0.3% | -1.3% |

## Sources

- corpaycurrencyresearch.com: https://corpaycurrencyresearch.com/us-exceptionalism-trade-lifts-dollar-supports-rate-expectations-across-the-curve/

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