# US Dollar Helped by Yellen, GBP/USD Looking Overpriced on Interest Rate Spread Analysis

> The dollar rose after Fed Chair Janet Yellen told the Senate Banking Committee that waiting too long to remove accommodation would be unwise and that rate increases in 2017 are appropriate. GBP/USD fell to about 1.2457 and EUR/USD was near 1.0575.

- Date: 2017-02-14 · published 2017-02-14T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/72743-us-dollar-helped-by-yellen-gbp-usd-looking-overpriced-on-interest-rate-spread
- 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 on hawkish Fed signals makes dollar-priced commodities cheaper for foreign buyers, a modest bearish pressure on US grain and oilseed export prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.1% | -1.5% |
| DXY | 2024-03-27 | [EUR/USD continues lower on diverging interest-rate outlook](https://feedsoft.ai/events/31419-eur-usd-continues-lower-on-diverging-interest-rate-outlook.md) | +0.2% | +1.4% |
| DXY | 2023-03-02 | [Sterling falls as interest rate outlook and strong dollar weigh](https://feedsoft.ai/events/37124-sterling-falls-as-interest-rate-outlook-and-strong-dollar-weigh.md) | +0.7% | -0.8% |
| DXY | 2021-03-28 | [Global Macro Indicators For April 2021: Spotlight On Interest Rates And US Dollar \| Seeking Alpha](https://feedsoft.ai/events/48019-global-macro-indicators-for-april-2021-spotlight-on-interest-rates-and-us.md) | -0.0% | -1.5% |
| DXY | 2018-10-29 | [U.S. Dollar Looks Intent on Rallying into Year-End](https://feedsoft.ai/events/62723-u-s-dollar-looks-intent-on-rallying-into-year-end.md) | +0.1% | +1.2% |
| CORN | 2024-04-16 | [USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg](https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg.md) | -0.3% | +3.3% |
| CORN | 2016-11-23 | [Trumponomics helps drive unusual surge in dollar, interest rate spike](https://feedsoft.ai/events/74019-trumponomics-helps-drive-unusual-surge-in-dollar-interest-rate-spike.md) | -3.8% | -1.5% |
| CORN | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.4% | +4.0% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/6216-dollar-and-yellen-testimony

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