# The Dollar Index falls through a war and a hawkish repricing

> The US Dollar Index traded just below 99.50 and down 0.26% on Monday despite American strikes on Iranian launchers and crude oil rising over 2%. Rate-hike pricing for September sits near 60%, while euro area and Japanese yields rose to multi-year highs.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/18080-the-dollar-index-falls-through-a-war-and-a-hawkish-repricing
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad global tightening repricing limits the dollar's gains relative to peers, and higher crude oil lifts energy and fertilizer costs, which feed into feed and grain production economics.

## Read by commodity

- DXY: neutral
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-04-21 | [Canadian dollar adds to recent gains on hawkish BoC outlook - The Globe and Mail](https://feedsoft.ai/events/42108-canadian-dollar-adds-to-recent-gains-on-hawkish-boc-outlook-the-globe-and-mail.md) | -0.6% | +6.8% |
| WTI | 2024-02-06 | [Canadian dollar rebounds as Macklem strikes hawkish tone on rates - The Globe and Mail](https://feedsoft.ai/events/31917-canadian-dollar-rebounds-as-macklem-strikes-hawkish-tone-on-rates-the-globe-and.md) | +5.7% | +7.8% |
| WTI | 2022-03-17 | [Canadian dollar climbs to 2-week high as FX volatility falls - The Globe and Mail](https://feedsoft.ai/events/42499-canadian-dollar-climbs-to-2-week-high-as-fx-volatility-falls-the-globe-and-mail.md) | +21.1% | +9.8% |
| WTI | 2026-03-31 | [Dovish Fed Repricing Favors Gold - ADM Investor Services](https://feedsoft.ai/events/20071-dovish-fed-repricing-favors-gold-adm-investor-services.md) | +9.6% | -1.7% |
| WTI | 2017-04-27 | [David Rosenberg: Why I’m turning bullish on the Canadian dollar - The Globe and Mail](https://feedsoft.ai/events/71745-david-rosenberg-why-i-m-turning-bullish-on-the-canadian-dollar-the-globe-and.md) | -3.1% | +3.6% |
| BRENT | 2023-10-04 | [Rand falls to lowest level against the dollar in months](https://feedsoft.ai/events/33924-rand-falls-to-lowest-level-against-the-dollar-in-months.md) | -3.8% | -6.0% |
| BRENT | 2021-06-28 | [Rand reverses dollar gains on the back of hawkish sentiment \| Freight News](https://feedsoft.ai/events/46877-rand-reverses-dollar-gains-on-the-back-of-hawkish-sentiment-freight-news.md) | +0.7% | -2.4% |
| BRENT | 2026-06-19 | [Dollar index hits 13-month high on hawkish Fed, shaky Middle East outlook](https://feedsoft.ai/events/11519-dollar-index-hits-13-month-high-on-hawkish-fed-shaky-middle-east-outlook.md) | -6.4% | +3.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/the-dollar-index-falls-through-a-war-and-a-hawkish-repricing-202608311630

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