# Market Review: April 29, 2024 | eOption

> US equity indices posted modest gains on April 29, 2024, trading in a narrow range ahead of the FOMC meeting and a busy earnings week. Treasury's higher-than-expected borrowing estimate and hotter PCE inflation data were noted, and the pound reached 2-week highs against the dollar at 1.2569.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9865-market-review-april-29-2024-eoption
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Strong inflation data reducing the chance of rate cuts supports the dollar, which tends to weigh on dollar-priced grain and oilseed markets. The impact on feed commodities is limited on this routine session wrap.

## Read by commodity

- DXY: bullish ▲

## Sources

- eoption.com: https://www.eoption.com/market-review-april-29-2024/

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