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The dollar was on track for a 7.9% gain in 2022 against a basket of currencies, its biggest annual rise in seven years, even as it slipped at year-end. The Fed raised rates by a total of 425 basis points since March to curb inflation.
A strong year for the dollar has kept US commodities competitive abroad only for buyers with strong currencies, while raising import costs in weaker-currency markets. Year-end moves in the dollar index tend to be routine market commentary.
reuters.comHannah LangDec 30, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
