# Fed’s Trade-Weighted Dollar Gauge Eclipses High From March 2020 - Bloomberg

> The Federal Reserve's trade-weighted nominal broad dollar index last week rose above its March 2020 high, according to data released Monday. The index has now fully reversed its earlier slide.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10325-fed-s-trade-weighted-dollar-gauge-eclipses-high-from-march-2020-bloomberg
- 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 broad dollar at a multi-year high signals tighter global financial conditions and weaker foreign-currency buying power for US commodities. That is bearish for dollar-priced grain and meal export values.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-09-27 | 5 | +2.6% | 3.4 | The Fed's trade-weighted broad dollar index rose above its March 2020 high during the week, directly confirming the move in the broad index. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-26 | [The U.S. Dollar's Bond Market Bust-Up from a Trade-weighted Angle](https://feedsoft.ai/events/10597-the-u-s-dollar-s-bond-market-bust-up-from-a-trade-weighted-angle.md) | +0.7% | +1.9% |
| DXY | 2025-09-17 | [Dollar Boost From Fed to Weigh on Asian Currencies, Analysts Say - Bloomberg](https://feedsoft.ai/events/23086-dollar-boost-from-fed-to-weigh-on-asian-currencies-analysts-say-bloomberg.md) | +0.4% | +1.5% |
| DXY | 2024-06-26 | [Dollar Soars to Fresh 2024 High as Fed Diverges From Major Peers](https://feedsoft.ai/events/29963-dollar-soars-to-fresh-2024-high-as-fed-diverges-from-major-peers.md) | +0.3% | -0.3% |
| DXY | 2016-11-26 | [Dollar Rally Hinges on Fed Moves as Traders Eye Jobs Report Next - Bloomberg](https://feedsoft.ai/events/74018-dollar-rally-hinges-on-fed-moves-as-traders-eye-jobs-report-next-bloomberg.md) | -0.6% | +0.6% |
| DXY | 2019-08-20 | [Trade Angst, More Than a Reluctant Fed, Is Buoying Dollar - Bloomberg](https://feedsoft.ai/events/57759-trade-angst-more-than-a-reluctant-fed-is-buoying-dollar-bloomberg.md) | +0.2% | -0.3% |
| CORN | 2024-06-26 | [Dollar Soars to Fresh 2024 High as Fed Diverges From Major Peers](https://feedsoft.ai/events/29963-dollar-soars-to-fresh-2024-high-as-fed-diverges-from-major-peers.md) | -3.3% | -1.2% |
| CORN | 2016-11-26 | [Dollar Rally Hinges on Fed Moves as Traders Eye Jobs Report Next - Bloomberg](https://feedsoft.ai/events/74018-dollar-rally-hinges-on-fed-moves-as-traders-eye-jobs-report-next-bloomberg.md) | -3.4% | -1.4% |
| CORN | 2023-03-08 | [The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch](https://feedsoft.ai/events/37056-the-u-s-dollar-bounces-to-2023-high-as-fed-s-powell-signals-higher-rates.md) | -1.6% | -0.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-26/fed-s-trade-weighted-dollar-gauge-eclipses-high-from-march-2020

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