# GLOBAL MARKETS Wall Street inches higher, dollar gains as tumultuous year nears finish line | Reuters

> The dollar rose modestly against a basket of world currencies on December 31, but was still on track for its worst year since 2017. Investors had been shunning the greenback on expectations of further US fiscal aid and easy Federal Reserve policy.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49842-global-markets-wall-street-inches-higher-dollar-gains-as-tumultuous-year-nears
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes dollar-priced commodities more expensive for foreign buyers, a small headwind for feed prices, though the broader trend remains weak dollar and supportive for commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-26 | [GLOBAL MARKETS-Stocks try to recover from bond whiplash, dollar gains By Reuters](https://feedsoft.ai/events/10601-global-markets-stocks-try-to-recover-from-bond-whiplash-dollar-gains-by-reuters.md) | +0.7% | +1.9% |
| DXY | 2020-08-19 | [Dollar gains but Wall Street retreats as Fed nixes dovish measure](https://feedsoft.ai/events/51531-dollar-gains-but-wall-street-retreats-as-fed-nixes-dovish-measure.md) | +0.2% | -1.0% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| DXY | 2020-09-16 | [Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates \| Reuters](https://feedsoft.ai/events/51031-global-shares-slip-dollar-gains-as-fed-sticks-to-agenda-of-near-zero-rates.md) | +0.8% | +0.1% |
| DXY | 2017-10-06 | [Dollar set for 4th week of gains as markets scent higher rates \| Gold Eagle](https://feedsoft.ai/events/68663-dollar-set-for-4th-week-of-gains-as-markets-scent-higher-rates-gold-eagle.md) | -0.3% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/business/global-markets-update-7-2020-12-31/

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