# Watch the dollar for de-globalisation

> An opinion piece argues that the Federal Reserve's rate hikes have pushed U.S. 10-year real borrowing rates above 1.5%, up from an average of 0.55% since the start of last year. The piece frames the dollar as a possible driver of de-globalisation.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37523-watch-the-dollar-for-de-globalisation
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher real U.S. rates strengthen the dollar and raise financing costs for trade and importers, which can weigh on foreign demand for U.S. farm exports over time.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-30 | [Affording the dollar’s decline \| UBS Global](https://feedsoft.ai/events/21242-affording-the-dollar-s-decline-ubs-global.md) | +0.9% | +0.3% |
| DXY | 2020-04-22 | [Forecasts for the loonie and U.S. dollar](https://feedsoft.ai/events/53870-forecasts-for-the-loonie-and-u-s-dollar.md) | -0.4% | -1.1% |
| DXY | 2021-10-18 | [How does dollar impact inflation? Watch commodities](https://feedsoft.ai/events/44437-how-does-dollar-impact-inflation-watch-commodities.md) | -0.4% | +0.4% |
| DXY | 2017-09-25 | [It's risky to go long on the dollar \| The National](https://feedsoft.ai/events/69151-it-s-risky-to-go-long-on-the-dollar-the-national.md) | +1.2% | +2.3% |
| DXY | 2018-01-30 | [Multiple fault lines for the Aussie dollar](https://feedsoft.ai/events/67228-multiple-fault-lines-for-the-aussie-dollar.md) | +0.2% | +1.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/watch-dollar-de-globalisation-mike-dolan-2023-02-22/

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