# Why the dollar is back on the rise despite the Fed’s dovish turn - MarketWatch

> The US dollar index recorded its biggest percentage gain in six months as haven demand rose amid worries over global growth. The dollar rallied despite the Federal Reserve's dovish turn toward a rate pause.

- Date: 2019-02-11 · published 2019-02-11T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60769-why-the-dollar-is-back-on-the-rise-despite-the-fed-s-dovish-turn-marketwatch
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar on haven demand weighs on dollar-priced commodities and can cut export demand for US feed ingredients. Safe-haven flows are a mechanism that lifts the dollar independent of US growth.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-04 | [Opinion: What’s driving the rare simultaneous rise in gold and the dollar - MarketWatch](https://feedsoft.ai/events/56489-opinion-what-s-driving-the-rare-simultaneous-rise-in-gold-and-the-dollar.md) | -0.3% | -1.6% |
| DXY | 2020-03-19 | [Why the U.S. dollar’s relentless rally is causing pain for emerging markets - MarketWatch](https://feedsoft.ai/events/7018-why-the-u-s-dollar-s-relentless-rally-is-causing-pain-for-emerging-markets.md) | +0.5% | -0.9% |
| DXY | 2022-08-29 | [Why is the U.S. dollar so strong right now? - Marketplace](https://feedsoft.ai/events/40218-why-is-the-u-s-dollar-so-strong-right-now-marketplace.md) | +0.6% | +4.4% |
| DXY | 2023-03-08 | [The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch](https://feedsoft.ai/events/37056-the-u-s-dollar-bounces-to-2023-high-as-fed-s-powell-signals-higher-rates.md) | -0.4% | -1.9% |
| DXY | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/why-the-dollar-is-back-on-the-rise-despite-the-feds-dovish-turn-2019-02-08

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