# Global equities fall, dollar rises after strong U.S. data, rate hikes

> Global equities fell and the dollar rose after strong US data and the Fed's 11th consecutive 25-basis-point hike. Oil settled higher, with WTI up 1.7% to $80.09 and Brent up 1.6% to $84.35.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34961-global-equities-fall-dollar-rises-after-strong-u-s-data-rate-hikes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar after strong US data makes dollar-priced grains and oilseeds more expensive for importers, which is a modest bearish force on feed commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-27 | [Euro falls against the dollar after ECB rate hike, U.S. data](https://feedsoft.ai/events/39360-euro-falls-against-the-dollar-after-ecb-rate-hike-u-s-data.md) | +0.7% | -2.5% |
| DXY | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | +1.6% | +0.9% |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2023-03-02 | [Dollar firms after U.S. labor data suggests more rate hikes \| Reuters](https://feedsoft.ai/events/37076-dollar-firms-after-u-s-labor-data-suggests-more-rate-hikes-reuters.md) | +0.7% | -0.8% |
| DXY | 2017-11-01 | [Dollar rises on strong U.S. data, Fed signals \| Reuters](https://feedsoft.ai/events/68151-dollar-rises-on-strong-u-s-data-fed-signals-reuters.md) | +0.1% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-pix-2023-07-27/

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