# Dollar does well Friday thanks to GDP growth

> The dollar rose to a nine-month high against the yen after US second-quarter GDP grew 4.2%, the fastest pace in nearly four years. Durable goods orders also rose 4.5% in August. The data supported expectations of steady Federal Reserve rate increases, and a trade-talk agreement with Japan protected Japanese automakers from new tariffs.

- Date: 2018-09-28 · published 2018-09-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/63281-dollar-does-well-friday-thanks-to-gdp-growth
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar on higher US rates generally pressures dollar-priced commodities and makes US feed exports less competitive abroad. The effect on feed prices is modest in this single session.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-02-28 | [Pound-to-Dollar Rate Retreats on U.S. GDP Growth Surprise](https://feedsoft.ai/events/60858-pound-to-dollar-rate-retreats-on-u-s-gdp-growth-surprise.md) | +0.8% | +1.0% |
| DXY | 2023-03-08 | [Powell pushes dollar to three-month high](https://feedsoft.ai/events/37123-powell-pushes-dollar-to-three-month-high.md) | -0.4% | -1.9% |
| DXY | 2018-11-19 | [Apple, trade woes sink stocks; growth worries drag on dollar](https://feedsoft.ai/events/62249-apple-trade-woes-sink-stocks-growth-worries-drag-on-dollar.md) | +0.6% | +0.4% |
| DXY | 2022-05-01 | [Sterling falls to 21-month low vs dollar amid growth worries](https://feedsoft.ai/events/42082-sterling-falls-to-21-month-low-vs-dollar-amid-growth-worries.md) | +0.3% | -1.0% |
| DXY | 2021-03-01 | [Dollar index hits 3-week high on US growth hopes](https://feedsoft.ai/events/10062-dollar-index-hits-3-week-high-on-us-growth-hopes.md) | +0.8% | +0.8% |

## Sources

- koreajoongangdaily.com: https://www.koreajoongangdaily.com/business/dollar-does-well-friday-thanks-to-gdp-growth/11109051

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