# LDN - Business

> The dollar rose about half a percent against a broad basket of currencies as optimism about a forthcoming Trump administration tax plan and hawkish comments from Fed Chair Yellen pushed U.S. bond yields higher. Traders covered extreme short dollar bets, and futures raised the odds of a December rate hike to as much as 70 percent.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/69147-ldn-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar and higher U.S. yields tend to pressure dollar-denominated commodity prices and can lift the cost of imported feed inputs for foreign buyers, a bearish influence on grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-31 | [Dollar higher - Business & Finance - Business Recorder](https://feedsoft.ai/events/36152-dollar-higher-business-and-finance-business-recorder.md) | -0.5% | -1.0% |
| 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 | 2022-04-29 | [Sterling tumbles to 21-month low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42086-sterling-tumbles-to-21-month-low-business-and-finance-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2022-04-29 | [Canadian dollar hits 7-week low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42107-canadian-dollar-hits-7-week-low-business-and-finance-business-recorder.md) | -0.1% | -1.1% |
| DXY | 2017-11-22 | [Materials Down After Fed Minutes -- Materials Roundup \| Fox Business](https://feedsoft.ai/events/67898-materials-down-after-fed-minutes-materials-roundup-fox-business.md) | -0.6% | -0.1% |
| CORN | 2023-05-31 | [Dollar higher - Business & Finance - Business Recorder](https://feedsoft.ai/events/36152-dollar-higher-business-and-finance-business-recorder.md) | -1.8% | +0.1% |
| CORN | 2023-09-28 | [Dollar index powers to 10-month high - Business & Finance - Business Recorder](https://feedsoft.ai/events/34310-dollar-index-powers-to-10-month-high-business-and-finance-business-recorder.md) | +1.1% | +1.7% |
| CORN | 2021-05-19 | [US MIDDAY: Soyabean, wheat and corn plunge - Markets - Business Recorder](https://feedsoft.ai/events/12365-us-midday-soyabean-wheat-and-corn-plunge-markets-business-recorder.md) | -5.0% | +3.5% |

## Sources

- archives.lincolndailynews.com: https://archives.lincolndailynews.com/2017/Sep/27/NEWS/business_i.shtml

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