# US dollar strengthens after Fed comments - The Business Times

> The dollar strengthened after Fed policymaker Charles Evans said he was comfortable with a December rate hike and that rates should rise to a restrictive 3.0-3.25%. The move erased euro gains tied to Italy's budget deficit plans.

- Date: 2018-10-03 · published 2018-10-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of further Fed tightening support the dollar, which can make dollar-priced feed commodities relatively cheaper for foreign buyers and pressure US export prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-23 | [Dollar Strengthens; Helped by Housing Data and Fed Comments](https://feedsoft.ai/events/7700-dollar-strengthens-helped-by-housing-data-and-fed-comments.md) | +0.8% | -1.4% |
| 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 | 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 | 2019-08-01 | [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 | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | +0.4% | -1.2% |
| EURUSD | 2020-09-23 | [Dollar Strengthens; Helped by Housing Data and Fed Comments](https://feedsoft.ai/events/7700-dollar-strengthens-helped-by-housing-data-and-fed-comments.md) | +0.1% | +1.4% |
| EURUSD | 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) | -0.3% | -2.4% |
| EURUSD | 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) | -0.5% | +1.5% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/us-dollar-strengthens-after-fed-comments

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