# Dollar rises ahead of Jackson Hole gathering

> The dollar rose ahead of the Jackson Hole symposium, with the dollar index up 0.63% at 103.99, its highest since June 8. Fed officials Harker and Collins said bond yield increases could help slow the economy and that no more hikes might be needed. Softer-than-expected data in Europe and the U.S. supported the safe-haven greenback.

- Date: 2023-08-24 · published 2023-08-24T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34784-dollar-rises-ahead-of-jackson-hole-gathering
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven dollar demand and rate-hold expectations strengthen the currency, which tends to pressure dollar-priced feed commodities. The effect on prices depends on whether the Fed signals further tightening.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-27 | [Euro retreats below 1.1650 as inflation data buoys US Dollar ahead of Jackson Hole](https://feedsoft.ai/events/18100-euro-retreats-below-1-1650-as-inflation-data-buoys-us-dollar-ahead-of-jackson.md) | +0.1% | +1.8% |
| DXY | 2022-08-31 | [‘King dollar’ surges as Fed presses ahead with rate rises](https://feedsoft.ai/events/40216-king-dollar-surges-as-fed-presses-ahead-with-rate-rises.md) | +0.9% | +3.6% |
| 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 | 2018-08-23 | [Here’s how Jackson Hole could impact the dollar, bonds and emerging markets - MarketWatch](https://feedsoft.ai/events/63695-here-s-how-jackson-hole-could-impact-the-dollar-bonds-and-emerging-markets.md) | -0.0% | -0.1% |
| DXY | 2023-08-28 | [Yen weakens against dollar following Powell's Jackson Hole remarks - Nikkei Asia](https://feedsoft.ai/events/34822-yen-weakens-against-dollar-following-powell-s-jackson-hole-remarks-nikkei-asia.md) | +0.2% | +1.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/soft-data-drags-back-dollar-ahead-jackson-hole-2023-08-24/

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