# Surging dollar awakens volatility in currency markets

> Foreign exchange volatility rose as bets on aggressive central bank tightening amid surging inflation boosted the dollar and increased swings in global currencies.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11257-surging-dollar-awakens-volatility-in-currency-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar on tightening bets tends to pressure dollar-denominated commodity prices and raises import costs for emerging-market feed buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-29 | [High Demand for Dollars in Currency Derivatives Markets](https://feedsoft.ai/events/45258-high-demand-for-dollars-in-currency-derivatives-markets.md) | +0.1% | -0.5% |
| DXY | 2022-05-20 | [Dollar Vs. Euro: Eurozone's Falling Currency Risks Stoking Inflation - Markets Insider](https://feedsoft.ai/events/41615-dollar-vs-euro-eurozone-s-falling-currency-risks-stoking-inflation-markets.md) | -0.6% | +1.5% |
| DXY | 2024-03-28 | [Currency Markets: A Decline in the Euro to Parity With the Dollar Beckons - Bloomberg](https://feedsoft.ai/events/31420-currency-markets-a-decline-in-the-euro-to-parity-with-the-dollar-beckons.md) | +0.0% | +1.6% |
| DXY | 2018-05-24 | [SMU Currency Analysis: U.S. Dollar Surged Last Month - Steel Market Update](https://feedsoft.ai/events/65210-smu-currency-analysis-u-s-dollar-surged-last-month-steel-market-update.md) | +0.3% | +1.7% |
| DXY | 2018-10-04 | [Soaring US dollar threatens trouble for emerging markets \| Currencies \| The Guardian](https://feedsoft.ai/events/62719-soaring-us-dollar-threatens-trouble-for-emerging-markets-currencies-the-guardian.md) | +0.2% | +1.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/funds/surging-dollar-awakens-volatility-currency-markets-2021-11-24/

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