# Dollar steady but its funding costs soar ahead of the year-end - The HinduBusinessLine

> The dollar was little changed against major currencies in thin holiday trading, while the cost of swapping yen for dollars rose as banks sought year-end funding. US two-year yields reached a nine-year high after strong November consumer spending and capital goods data.

- Date: 2017-12-25 · published 2017-12-25T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/67697-dollar-steady-but-its-funding-costs-soar-ahead-of-the-year-end-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US short-term yields and rising rate-hike expectations support the dollar, which can weigh on dollar-denominated feed commodity prices. The move is mainly financial-market activity rather than a grain-specific driver.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-05-04 | [Commodities nerves grow after Fed boosts dollar - The HinduBusinessLine](https://feedsoft.ai/events/70922-commodities-nerves-grow-after-fed-boosts-dollar-the-hindubusinessline.md) | +0.4% | -1.2% |
| DXY | 2017-06-20 | [Dollar hits 3-week high on New York Fed president's comments - The HinduBusinessLine](https://feedsoft.ai/events/70706-dollar-hits-3-week-high-on-new-york-fed-president-s-comments-the.md) | +0.0% | -2.1% |
| DXY | 2023-09-26 | [Rupee falls on month-end dollar demand, higher US yields - The HinduBusinessLine](https://feedsoft.ai/events/34390-rupee-falls-on-month-end-dollar-demand-higher-us-yields-the-hindubusinessline.md) | +0.8% | +1.3% |
| DXY | 2017-05-11 | [Dollar at 8-week high vs yen on US economic optimism - The HinduBusinessLine](https://feedsoft.ai/events/71232-dollar-at-8-week-high-vs-yen-on-us-economic-optimism-the-hindubusinessline.md) | -1.2% | -2.0% |
| DXY | 2018-04-27 | [Dollar set for best weekly gain since Nov 2016 on yield bets - The HinduBusinessLine](https://feedsoft.ai/events/65734-dollar-set-for-best-weekly-gain-since-nov-2016-on-yield-bets-the.md) | +0.7% | +1.9% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/dollar-steady-but-its-funding-costs-soar-ahead-of-the-yearend/article10001807.ece

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