# Dollar poised for biggest weekly rise in 7 months on rate bets

> The dollar was on track for its biggest weekly gain in seven months as markets priced in aggressive U.S. rate hikes, with about 28.5 bps expected in March. A softer-than-expected Employment Cost Index reported for the fourth quarter did little to dent the rally.

- Date: 2022-01-28 · published 2022-01-28T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/12224-dollar-poised-for-biggest-weekly-rise-in-7-months-on-rate-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of aggressive Fed tightening keep the dollar firm, which typically weighs on dollar-priced commodities and can slow export demand for U.S. feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-18 | [Dollar index set for biggest 2-week rise in 20 months](https://feedsoft.ai/events/8329-dollar-index-set-for-biggest-2-week-rise-in-20-months.md) | +1.0% | +1.3% |
| DXY | 2024-11-08 | [Gold logs biggest weekly fall in over five months on dollar strength](https://feedsoft.ai/events/27335-gold-logs-biggest-weekly-fall-in-over-five-months-on-dollar-strength.md) | +1.7% | +1.5% |
| DXY | 2024-12-13 | [Dollar set for best week in a month on cautious Fed outlook for 2025](https://feedsoft.ai/events/27205-dollar-set-for-best-week-in-a-month-on-cautious-fed-outlook-for-2025.md) | +1.3% | +2.4% |
| DXY | 2016-10-11 | [Dollar climbs to 7-month peak on rate hike bets; pound plunges](https://feedsoft.ai/events/5892-dollar-climbs-to-7-month-peak-on-rate-hike-bets-pound-plunges.md) | +0.2% | +0.2% |
| DXY | 2021-10-01 | [Dollar heads for best week in months as Fed tightening looms](https://feedsoft.ai/events/44797-dollar-heads-for-best-week-in-months-as-fed-tightening-looms.md) | -0.1% | -0.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/01/28/forex-markets-euro-us-dollar-interest-rates-fed.html

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