# Dollar edges up ahead of data | Convera

> The greenback edged higher ahead of key US data on August 29, with the trade-weighted dollar up about 2% for the month and at 12-week highs. USD/CAD topped 1.36 as markets priced a 60% chance of a Fed hike by November.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34819-dollar-edges-up-ahead-of-data-convera
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer dollar on rate expectations weighs on dollar-denominated feed commodity prices and raises the cost of imports for emerging-market feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-05-28 | [Dollar Edges Up Ahead Of Inflation Data; Yen Falls - Market News Nigeria](https://feedsoft.ai/events/47357-dollar-edges-up-ahead-of-inflation-data-yen-falls-market-news-nigeria.md) | -0.1% | +1.0% |
| DXY | 2025-07-31 | [Fed & macro moves send US Dollar up \| Convera](https://feedsoft.ai/events/23954-fed-and-macro-moves-send-us-dollar-up-convera.md) | -0.7% | -0.6% |
| DXY | 2022-03-03 | [Euro extends recent fall, U.S. dollar gains ahead of jobs data](https://feedsoft.ai/events/8257-euro-extends-recent-fall-u-s-dollar-gains-ahead-of-jobs-data.md) | +0.7% | -0.6% |
| DXY | 2023-10-26 | [Dollar edges up as US economic growth accelerates](https://feedsoft.ai/events/33870-dollar-edges-up-as-us-economic-growth-accelerates.md) | +0.0% | -2.9% |
| DXY | 2026-08-01 | [Dollar edges up against dong on black market](https://feedsoft.ai/events/18660-dollar-edges-up-against-dong-on-black-market.md) | -0.5% | -0.8% |

## Sources

- convera.com: https://convera.com/blog/market-insights/fx-research/daily-market-updates/dollar-edges-up-ahead-of-data/

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