# Dollar rally stalls, rivals pursue tentative recovery | Financial Post

> The dollar eased for a third straight day on May 17, 2022 after a jump in global risk sentiment, having hit a two-decade high the prior week. Dutch central bank chief Klaas Knot said the ECB was set to hike 25 basis points in July and could go bigger if inflation proved higher. The euro rose 0.8% to $1.0527 and the Australian dollar gained 0.87%.

- Date: 2022-05-17 · published 2022-05-17T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/12694-dollar-rally-stalls-rivals-pursue-tentative-recovery-financial-post
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A hawkish ECB and a softer dollar shift currency flows that can support dollar-priced commodity demand from non-US buyers. The effect on feed prices is indirect and currency-driven.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-05-23 | 5 | +2.4% | 2.8 | The dollar rally stalled on May 17 and the euro rose 0.8%, helped by Knot's comments on a July ECB hike, which began the rebound at the start of the 5-day window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | -0.1% | -2.6% |
| EURUSD | 2020-03-05 | [Dollar surrenders to euro and yen as rate supremacy ends \| Financial Post](https://feedsoft.ai/events/7150-dollar-surrenders-to-euro-and-yen-as-rate-supremacy-ends-financial-post.md) | +1.3% | -1.8% |
| EURUSD | 2022-11-15 | [Dollar loses ground after economic data boosts risk appetite \| Financial Post](https://feedsoft.ai/events/7563-dollar-loses-ground-after-economic-data-boosts-risk-appetite-financial-post.md) | -1.0% | +2.8% |
| EURUSD | 2020-07-31 | [Euro's rise not 'brutal' enough, yet: Mike Dolan \| Financial Post](https://feedsoft.ai/events/52330-euro-s-rise-not-brutal-enough-yet-mike-dolan-financial-post.md) | +0.6% | +0.3% |
| EURUSD | 2019-12-12 | [Euro buoyed before ECB meeting as Fed forecast knocks dollar \| Financial Post](https://feedsoft.ai/events/55785-euro-buoyed-before-ecb-meeting-as-fed-forecast-knocks-dollar-financial-post.md) | +0.2% | +0.2% |
| DXY | 2020-02-25 | [U.S. dollar falls as expectations of a Fed rate cut rise \| Financial Post](https://feedsoft.ai/events/54775-u-s-dollar-falls-as-expectations-of-a-fed-rate-cut-rise-financial-post.md) | -0.5% | +7.4% |
| DXY | 2020-06-08 | [Dollar dips as commodity currencies gain on recovery hopes \| Financial Post](https://feedsoft.ai/events/52527-dollar-dips-as-commodity-currencies-gain-on-recovery-hopes-financial-post.md) | +0.7% | +0.4% |
| DXY | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | +0.6% | +2.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-rally-stalls-rivals-pursue-tentative-recovery

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