# U.S. Dollar Looks Intent on Rallying into Year-End

> The dollar index hovered near multi-year highs after breaking out to new levels, with the pound at 1.2809 and the euro at 1.1379. Third-quarter US GDP grew 3.5%, above the 3.3% forecast, and Treasuries rallied despite the strong data.

- Date: 2018-10-29 · published 2018-10-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62723-u-s-dollar-looks-intent-on-rallying-into-year-end
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A sustained dollar rally tightens financial conditions for emerging-market feed buyers and tends to pressure dollar-quoted grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-31 | [Yen declines on year-end U.S. dollar demand \| Financial Post](https://feedsoft.ai/events/54348-yen-declines-on-year-end-u-s-dollar-demand-financial-post.md) | +0.7% | +0.5% |
| DXY | 2018-10-31 | [Dollar Rally Nearing An End? Plus Our BoE Outlook \| Investing.com ZA](https://feedsoft.ai/events/62803-dollar-rally-nearing-an-end-plus-our-boe-outlook-investing-com-za.md) | -0.6% | -0.0% |
| DXY | 2022-06-10 | [U.S. Dollar ETFs Rally After Red-Hot Inflation Reading \| ETF Trends](https://feedsoft.ai/events/7714-u-s-dollar-etfs-rally-after-red-hot-inflation-reading-etf-trends.md) | +1.5% | +3.7% |
| DXY | 2024-01-26 | [Ringgit Dips On Increasing Demand For U.S. Dollar](https://feedsoft.ai/events/32375-ringgit-dips-on-increasing-demand-for-u-s-dollar.md) | -0.4% | +0.2% |
| DXY | 2020-09-23 | [Corn ends lower on strong dollar](https://feedsoft.ai/events/11767-corn-ends-lower-on-strong-dollar.md) | +0.8% | -1.4% |
| EURUSD | 2018-10-31 | [Dollar Rally Nearing An End? Plus Our BoE Outlook \| Investing.com ZA](https://feedsoft.ai/events/62803-dollar-rally-nearing-an-end-plus-our-boe-outlook-investing-com-za.md) | +0.4% | +0.2% |
| EURUSD | 2020-04-29 | [Euro seen falling to 1.05 to the US dollar by year-end: BofA](https://feedsoft.ai/events/53851-euro-seen-falling-to-1-05-to-the-us-dollar-by-year-end-bofa.md) | +0.1% | +1.2% |
| EURUSD | 2016-12-28 | [Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish](https://feedsoft.ai/events/73670-euro-to-dollar-forecast-rally-in-eur-usd-exchange-rate-falters-and-2017-looks.md) | +0.2% | +2.2% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/10216-all-eyes-on-the-u-s-dollar-rally

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