# SMU Currency Analysis: U.S. Dollar Surged Last Month - Steel Market Update

> The dollar strengthened 4.1% in the four weeks to May 18, with the Fed's broad index at its highest since July 2017. Analysts cited rising US rates, expectations for three more Fed hikes this year, and weakness in Japan's economy.

- Date: 2018-05-24 · published 2018-05-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65210-smu-currency-analysis-u-s-dollar-surged-last-month-steel-market-update
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Sustained dollar strength tends to weigh on US commodity prices in global markets and can cut demand from importers facing higher dollar costs. Emerging-market currency stress can also reduce purchasing power for feed imports.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-24 | [Surging dollar awakens volatility in currency markets](https://feedsoft.ai/events/11257-surging-dollar-awakens-volatility-in-currency-markets.md) | -0.1% | -0.2% |
| DXY | 2024-04-12 | [Latam currencies set for worst week in 6 months as dollar soars - Finance Funds Update](https://feedsoft.ai/events/31048-latam-currencies-set-for-worst-week-in-6-months-as-dollar-soars-finance-funds.md) | +1.1% | +0.5% |
| DXY | 2023-02-15 | [Most Asian Currencies Hit 1-Month Lows As Dollar Firms After U.S. CPI Data](https://feedsoft.ai/events/37602-most-asian-currencies-hit-1-month-lows-as-dollar-firms-after-u-s-cpi-data.md) | +0.8% | +1.8% |
| DXY | 2024-03-27 | [Asian currencies at multi-month lows against US dollar; stocks mixed - Markets - Business Recorder](https://feedsoft.ai/events/31453-asian-currencies-at-multi-month-lows-against-us-dollar-stocks-mixed-markets.md) | +0.2% | +1.4% |
| DXY | 2020-03-24 | [US dollar to test 105 against basket of currencies, says analyst](https://feedsoft.ai/events/6585-us-dollar-to-test-105-against-basket-of-currencies-says-analyst.md) | -2.3% | -2.4% |

## Sources

- steelmarketupdate.com: https://www.steelmarketupdate.com/2018/05/24/smu-currency-analysis-u-s-dollar-surged-last-month/

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