# Dollar Strengthens; Helped by Housing Data and Fed Comments

> The dollar posted strong early gains on Wednesday, reaching an eight-week high at 94.237 on the Dollar Index. The move followed strong US existing home sales, hawkish comments from Chicago Fed President Charles Evans, and worries about COVID-19 infections in Europe.

- Date: 2020-09-23 · published 2020-09-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/7700-dollar-strengthens-helped-by-housing-data-and-fed-comments
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Stronger US data and Fed hawkishness support the dollar, which tends to pressure dollar-priced commodities and reduce US export competitiveness for feed grains.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 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) | -0.1% | -1.4% |
| DXY | 2022-02-14 | [Dollar strengthens on Bullard rate comments, Ukraine concerns](https://feedsoft.ai/events/42875-dollar-strengthens-on-bullard-rate-comments-ukraine-concerns.md) | -0.0% | +2.0% |
| DXY | 2024-12-19 | [Dollar strengthens as market digests Fed's hawkish cut](https://feedsoft.ai/events/27136-dollar-strengthens-as-market-digests-fed-s-hawkish-cut.md) | +0.5% | +1.4% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| EURUSD | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | -0.2% | -2.0% |
| EURUSD | 2020-09-22 | [Dollar rises after Fed's Evans comments on quantitative easing](https://feedsoft.ai/events/7696-dollar-rises-after-fed-s-evans-comments-on-quantitative-easing.md) | -0.7% | +0.7% |
| EURUSD | 2022-11-14 | [Dollar Rises Against Euro and Yen Following Fed Commentary](https://feedsoft.ai/events/38896-dollar-rises-against-euro-and-yen-following-fed-commentary.md) | +1.7% | +3.6% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/dollar-strengthens-helped-housing-data-025431820.html

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