# Dollar supported by hawkish Fed, yen bounces after hitting five-week low: Reuters - Forexsites

> The dollar gained against the euro and sterling after the Federal Reserve held rates steady but reaffirmed its tightening stance. Markets priced about a 75% chance of a December rate hike, and the dollar index traded at a one-week high near 96.75. The yen stayed near a five-week low against the dollar.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62288-dollar-supported-by-hawkish-fed-yen-bounces-after-hitting-five-week-low-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A hawkish Fed and stronger dollar tend to pressure dollar-denominated commodity prices and raise the cost of imported feed inputs for non-US buyers. The effect on feed prices is usually gradual.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-31 | [Dollar gains after Fed loan survey, yen slips By Reuters](https://feedsoft.ai/events/35219-dollar-gains-after-fed-loan-survey-yen-slips-by-reuters.md) | +0.9% | +2.3% |
| DXY | 2022-01-26 | [Dollar rises to five-week high after Fed policy decision \| Reuters](https://feedsoft.ai/events/12221-dollar-rises-to-five-week-high-after-fed-policy-decision-reuters.md) | +0.2% | -0.4% |
| DXY | 2024-06-25 | [US dollar advances after hawkish Fed comment, economic data \| Reuters](https://feedsoft.ai/events/29634-us-dollar-advances-after-hawkish-fed-comment-economic-data-reuters.md) | +0.6% | -0.3% |
| DXY | 2022-11-17 | [Dollar rises with bets on hawkish Fed; sterling drops \| Reuters](https://feedsoft.ai/events/38594-dollar-rises-with-bets-on-hawkish-fed-sterling-drops-reuters.md) | +0.4% | -0.6% |
| DXY | 2018-10-17 | [edges lower as dollar gains after hawkish Fed minutes](https://feedsoft.ai/events/62444-edges-lower-as-dollar-gains-after-hawkish-fed-minutes.md) | +1.1% | +2.3% |

## Sources

- forexsites.com: https://www.forexsites.com/dollar-supported-by-hawkish-fed-yen-bounces-after-hitting-five-week-low-reuters/

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