# Dollar extends gains as traders await Fed minutes - The Business Times

> The dollar rose for a second day as firmer stock markets lifted demand for the greenback, while sterling fell after weaker-than-expected UK inflation. Markets were awaiting Fed minutes, with futures pricing a 77% chance of a December rate hike.

- Date: 2018-10-17 · published 2018-10-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/62717-dollar-extends-gains-as-traders-await-fed-minutes-the-business-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Dollar strength driven by rate expectations pressures import-dependent feed buyers' costs and can mildly weigh on US commodity prices.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-29 | [Dollar clings to gains after US data; traders eye upcoming Fed meetings - The Business Times](https://feedsoft.ai/events/38005-dollar-clings-to-gains-after-us-data-traders-eye-upcoming-fed-meetings-the.md) | +0.5% | +2.1% |
| DXY | 2019-03-04 | [US dollar extends rising streak even as euro slips - The Business Times](https://feedsoft.ai/events/60270-us-dollar-extends-rising-streak-even-as-euro-slips-the-business-times.md) | +0.7% | +0.5% |
| DXY | 2022-12-15 | [Dollar gains after hawkish Fed, pound under pressure from dovish BOE - The Business Times](https://feedsoft.ai/events/38479-dollar-gains-after-hawkish-fed-pound-under-pressure-from-dovish-boe-the.md) | +0.4% | -2.2% |
| DXY | 2016-11-10 | [US dollar extends surge as Trump's triumph boosts inflation outlook - The Business Times](https://feedsoft.ai/events/8179-us-dollar-extends-surge-as-trump-s-triumph-boosts-inflation-outlook-the.md) | +1.9% | +2.3% |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/dollar-extends-gains-traders-await-fed-minutes

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