# Trump says strong U.S. dollar is 'great': Fox Business Network | Reuters

> Reuters reported on May 14, 2020 that President Trump said he supported a strong dollar, as the dollar index extended gains a day after Fed Chair Powell rejected the idea of negative interest rates. The article text is truncated.

- Date: 2020-05-14 · published 2020-05-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53040-trump-says-strong-u-s-dollar-is-great-fox-business-network-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Fed rejection of negative rates supports the dollar, which is a headwind for dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| DXY | 2019-08-01 | [US Dollar Strength After Fed Rate Cut Is Opposite of What Trump Wants - Business Insider](https://feedsoft.ai/events/10780-us-dollar-strength-after-fed-rate-cut-is-opposite-of-what-trump-wants-business.md) | +1.1% | +2.1% |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |
| DXY | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | +0.7% | +1.5% |
| DXY | 2024-11-07 | [Trump's win emboldens dollar bulls as they brace for tariffs \| Reuters](https://feedsoft.ai/events/9518-trump-s-win-emboldens-dollar-bulls-as-they-brace-for-tariffs-reuters.md) | +1.0% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/business/trump-says-strong-us-dollar-is-great-fox-business-network-idUSKBN22Q1V7/

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