# Dollar rally, recession fears wreak havoc on commodities

> The Bloomberg Commodity Spot Index fell 1.6% to its lowest level since January, down nearly 22% from its June peak and erasing all gains since Russia's invasion of Ukraine. Metals such as copper, nickel and aluminium declined as traders positioned for weaker demand amid a rallying US dollar.

- Date: 2022-09-27 · published 2022-09-27T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11908-dollar-rally-recession-fears-wreak-havoc-on-commodities
- 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 commodity sell-off driven by a strong dollar and recession fears reduces raw material price levels and signals weaker industrial and feed demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-01 | [WCU: Peak recession fears bring commodities down to earth \| Saxo](https://feedsoft.ai/events/40401-wcu-peak-recession-fears-bring-commodities-down-to-earth-saxo.md) | +1.2% | +0.7% |
| DXY | 2022-07-18 | [Recession concerns, dollar demand clamp down on commodity market](https://feedsoft.ai/events/40398-recession-concerns-dollar-demand-clamp-down-on-commodity-market.md) | -0.8% | -2.0% |
| DXY | 2022-09-26 | [Commodity prices down last week amid hawkish monetary policies, recession fears](https://feedsoft.ai/events/11907-commodity-prices-down-last-week-amid-hawkish-monetary-policies-recession-fears.md) | +0.2% | +0.6% |
| DXY | 2022-11-17 | [Commodities slump as dollar rebounds](https://feedsoft.ai/events/38596-commodities-slump-as-dollar-rebounds.md) | +0.4% | -0.6% |
| DXY | 2022-12-07 | [Half of Commodities in the Red for 2022 as King Dollar Rears Head Again \| Investing.com](https://feedsoft.ai/events/38163-half-of-commodities-in-the-red-for-2022-as-king-dollar-rears-head-again.md) | -1.0% | -0.7% |
| CORN | 2022-09-26 | [Commodity prices down last week amid hawkish monetary policies, recession fears](https://feedsoft.ai/events/11907-commodity-prices-down-last-week-amid-hawkish-monetary-policies-recession-fears.md) | -1.4% | +2.6% |
| CORN | 2020-03-24 | [Commodities Report Hensall Co-op](https://feedsoft.ai/events/6174-commodities-report-hensall-co-op.md) | +6.1% | -4.7% |
| CORN | 2025-12-23 | [Real slides on election fears, seasonal dollar outflows](https://feedsoft.ai/events/21717-real-slides-on-election-fears-seasonal-dollar-outflows.md) | -0.9% | -3.8% |

## Sources

- afr.com: https://www.afr.com/markets/commodities/dollar-rally-recession-fears-wreak-havoc-on-commodities-20220927-p5bl87

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