# Trump's win emboldens dollar bulls as they brace for tariffs | Reuters

> Dollar bulls are positioning for Trump's policies, including tariffs and tax cuts, after his election win. Analysts note that in 2016 the dollar rose about 6% in the two months after his victory before giving up those gains, and later rallied about 13% during his tariff push.

- Date: 2024-11-07 · published 2024-11-07T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/9518-trump-s-win-emboldens-dollar-bulls-as-they-brace-for-tariffs-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger dollar from expected tariffs would cut US export competitiveness and make feed ingredients cheaper for foreign buyers less competitive, a bearish signal for US commodity export prices.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-27 | [Dollar jumps as Trump tariffs loom \| Reuters](https://feedsoft.ai/events/26222-dollar-jumps-as-trump-tariffs-loom-reuters.md) | -0.6% | -0.8% |
| DXY | 2022-01-27 | [Dollar jumps as markets brace for larger, faster rate hikes \| Reuters](https://feedsoft.ai/events/6268-dollar-jumps-as-markets-brace-for-larger-faster-rate-hikes-reuters.md) | +0.1% | +0.7% |
| DXY | 2021-09-29 | [Dollar at 2021 highs as traders brace for Fed taper](https://feedsoft.ai/events/45259-dollar-at-2021-highs-as-traders-brace-for-fed-taper.md) | +0.1% | -0.5% |
| DXY | 2023-04-14 | [Latam FX falls as dollar rises, Peru's sol bucks trend \| Reuters](https://feedsoft.ai/events/36693-latam-fx-falls-as-dollar-rises-peru-s-sol-bucks-trend-reuters.md) | +0.6% | +0.5% |
| DXY | 2023-09-08 | [Why the US Fed's interest rate pause is a win for dollar bulls \| The National](https://feedsoft.ai/events/34010-why-the-us-fed-s-interest-rate-pause-is-a-win-for-dollar-bulls-the-national.md) | -0.6% | +1.6% |
| SOY | 2016-11-16 | [Dollar bulls have room to run on Trump win, euro could reach parity with dollar](https://feedsoft.ai/events/9133-dollar-bulls-have-room-to-run-on-trump-win-euro-could-reach-parity-with-dollar.md) | +4.1% | +3.5% |
| SOY | 2024-11-12 | [US dollar and bitcoin advance spurred by Trump tariff expectations](https://feedsoft.ai/events/6698-us-dollar-and-bitcoin-advance-spurred-by-trump-tariff-expectations.md) | -0.2% | -1.7% |
| SOY | 2025-01-31 | [Dollar advances after White House reiterates Trump tariff threats](https://feedsoft.ai/events/26698-dollar-advances-after-white-house-reiterates-trump-tariff-threats.md) | +1.6% | -3.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/trumps-win-emboldens-dollar-bulls-they-brace-tariffs-2024-11-07/

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