# Dollar firms as U.S. yields rise, high British inflation underpins pound | Financial Post

> The dollar strengthened as rising US Treasury yields reduced expectations of Fed rate cuts. Sterling gained against the greenback after UK inflation stayed above 10% in March, keeping pressure on the Bank of England to keep raising rates.

- Date: 2023-04-19 · published 2023-04-19T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36664-dollar-firms-as-u-s-yields-rise-high-british-inflation-underpins-pound
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer dollar tends to weigh on dollar-priced grains, oilseeds and meals, while sterling strength has little direct effect on feed pricing.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-05-27 | [Dollar firms as traders brace for U.S. inflation gauge \| Financial Post](https://feedsoft.ai/events/47285-dollar-firms-as-traders-brace-for-u-s-inflation-gauge-financial-post.md) | +0.3% | +1.3% |
| DXY | 2021-05-31 | [Dollar near 2-month high vs yen, U.S. inflation beats expectations \| Financial Post](https://feedsoft.ai/events/47351-dollar-near-2-month-high-vs-yen-u-s-inflation-beats-expectations-financial-post.md) | -0.2% | +1.1% |
| DXY | 2022-09-13 | [Latam FX slump as hot U.S. inflation sends dollar soaring \| Financial Post](https://feedsoft.ai/events/39796-latam-fx-slump-as-hot-u-s-inflation-sends-dollar-soaring-financial-post.md) | +1.4% | +3.5% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2022-12-28 | [China's yuan weakens as U.S. dollar gains on sustained inflation outlook \| Financial Post](https://feedsoft.ai/events/38448-china-s-yuan-weakens-as-u-s-dollar-gains-on-sustained-inflation-outlook.md) | -0.2% | -2.2% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-firms-as-u-s-yields-rise-high-british-inflation-underpins-pound

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