# Flight to Quality Takes US Dollar Higher - ADM Investor Services

> The U.S. dollar moved to its highest level since May 2020 on March 4, 2022, as investors sought safety amid Eastern European tensions. February nonfarm payrolls rose 678,000 against 390,000 expected, while the euro fell below $1.10 and was down more than 2.5% on the week.

- Date: 2022-03-04 · published 2022-03-04T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/12082-flight-to-quality-takes-us-dollar-higher-adm-investor-services
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Flight-to-quality demand and a strong jobs report reinforce dollar strength, which can pressure dollar-priced grain and meal exports. Rising Fed hike expectations also raise the cost of carrying feed inventories.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-03-07 | 5 | +1.8% | 3.1 | Flight to quality and strong February payrolls (678k vs 390k expected) lifted the dollar to its highest since May 2020 on March 4. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-24 | [Dollar higher after Iran sanctions, loonie drops after US announces tariff increases \| MarketScreener Canada](https://feedsoft.ai/events/18128-dollar-higher-after-iran-sanctions-loonie-drops-after-us-announces-tariff.md) | +0.6% | +1.1% |
| DXY | 2022-02-24 | [Dollar jumps to near two-year high as Russia invades Ukraine \| Reuters](https://feedsoft.ai/events/6980-dollar-jumps-to-near-two-year-high-as-russia-invades-ukraine-reuters.md) | +1.0% | +1.2% |
| DXY | 2022-02-24 | [Investors flock to the dollar as G-10 currencies plummet following Ukraine invasion \| Fortune](https://feedsoft.ai/events/6982-investors-flock-to-the-dollar-as-g-10-currencies-plummet-following-ukraine.md) | +1.0% | +1.2% |
| DXY | 2026-03-02 | [Dollar (USD) Gains as Higher Oil Prices Damp Bets on Fed Rate Cuts - Bloomberg](https://feedsoft.ai/events/10711-dollar-usd-gains-as-higher-oil-prices-damp-bets-on-fed-rate-cuts-bloomberg.md) | +1.4% | +2.6% |
| DXY | 2022-03-02 | [The US dollar Index Hits Multi-Year Highs  - Benzinga](https://feedsoft.ai/events/12083-the-us-dollar-index-hits-multi-year-highs-benzinga.md) | +1.6% | -0.2% |
| EURUSD | 2022-02-24 | [Investors flock to the dollar as G-10 currencies plummet following Ukraine invasion \| Fortune](https://feedsoft.ai/events/6982-investors-flock-to-the-dollar-as-g-10-currencies-plummet-following-ukraine.md) | -1.9% | -2.8% |
| EURUSD | 2022-07-07 | [With US dollar nearly equal to euro, impact is being felt \| AP News](https://feedsoft.ai/events/10288-with-us-dollar-nearly-equal-to-euro-impact-is-being-felt-ap-news.md) | -0.9% | -0.3% |
| EURUSD | 2022-03-07 | [Dollar edges higher as surging energy prices prompt safe-haven flows \| Financial Newsletter](https://feedsoft.ai/events/12080-dollar-edges-higher-as-surging-energy-prices-prompt-safe-haven-flows-financial.md) | +0.2% | +1.2% |

## Sources

- admis.com: https://www.admis.com/flight-to-quality-takes-us-dollar-higher/

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