# US dollar rises slightly after Biden ends presidential campaign

> The US dollar rose slightly after President Biden ended his reelection campaign. The article covers currency market reaction to the political development. No specific policy or trade measure is reported.

- Date: 2024-07-22 · published 2024-07-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/7520-us-dollar-rises-slightly-after-biden-ends-presidential-campaign
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A small dollar move has limited direct effect on feed prices. Political uncertainty could briefly firm the dollar, which is mildly bearish for dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-12 | [Dollar rises after U.S. producer prices surge](https://feedsoft.ai/events/45757-dollar-rises-after-u-s-producer-prices-surge.md) | +0.4% | -0.2% |
| DXY | 2024-11-06 | [Dollar soars, euro tumbles as Trump wins US presidential election](https://feedsoft.ai/events/5806-dollar-soars-euro-tumbles-as-trump-wins-us-presidential-election.md) | +1.9% | +1.5% |
| DXY | 2024-05-14 | [Dollar slips after unexpected rise in US producer prices \| Reuters](https://feedsoft.ai/events/30427-dollar-slips-after-unexpected-rise-in-us-producer-prices-reuters.md) | -0.7% | +1.6% |
| DXY | 2017-02-09 | [U.S. dollar, bond yields rise after Trump promises tax plan](https://feedsoft.ai/events/72685-u-s-dollar-bond-yields-rise-after-trump-promises-tax-plan.md) | +0.1% | +0.7% |
| DXY | 2026-10-01 | [Dollar rises, euro slips after ECB rate increase](https://feedsoft.ai/events/17692-dollar-rises-euro-slips-after-ecb-rate-increase.md) | +0.2% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-eases-biden-ends-reelection-bid-yuan-steady-after-rate-cut-2024-07-22/

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