# Dollar rebounds on higher expectations for Fed hike in May | IBTimes UK

> The US dollar index rose 0.15% to 101.82 on Monday, rebounding from a one-year low of 100.78 reached on Friday. Resilient US retail sales and strong bank earnings raised expectations of a 25-basis-point Fed rate hike in May, with markets pricing about an 81% chance.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36609-dollar-rebounds-on-higher-expectations-for-fed-hike-in-may-ibtimes-uk
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar on higher US rate expectations tends to weigh on dollar-denominated grain and meal prices and raises import costs for buyers abroad. The effect is moderate given the dollar's modest move.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-31 | [Dollar gains on Fed rate hike expectations](https://feedsoft.ai/events/39325-dollar-gains-on-fed-rate-hike-expectations.md) | -0.1% | -2.8% |
| DXY | 2026-08-26 | [U.S. data buoys dollar as Fed hike expectations nudged higher](https://feedsoft.ai/events/18082-u-s-data-buoys-dollar-as-fed-hike-expectations-nudged-higher.md) | +0.4% | +1.6% |
| DXY | 2026-06-24 | [US dollar strengthens to 13-month high on Fed rate hike expectations \| Reuters](https://feedsoft.ai/events/11985-us-dollar-strengthens-to-13-month-high-on-fed-rate-hike-expectations-reuters.md) | -0.1% | -0.4% |
| 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 | 2023-06-29 | [Dollar index hits two-week high as data boosts Fed hike expectations](https://feedsoft.ai/events/35661-dollar-index-hits-two-week-high-as-data-boosts-fed-hike-expectations.md) | +0.4% | -1.2% |
| CORN | 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) | -3.7% | -11.8% |
| CORN | 2026-10-14 | [Dollar hits fresh 18-month high as hot inflation boosts Fed hike expectation](https://feedsoft.ai/events/649-dollar-hits-fresh-18-month-high-as-hot-inflation-boosts-fed-hike-expectation.md) | -1.8% | — |
| CORN | 2024-05-16 | [Dollar rebounds on high US import prices \| Reuters](https://feedsoft.ai/events/30142-dollar-rebounds-on-high-us-import-prices-reuters.md) | +0.1% | +4.6% |

## Sources

- ibtimes.co.uk: https://www.ibtimes.co.uk/dollar-rebounds-higher-expectations-fed-hike-may-1715159

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