# U.S. dollar down, still set for best year since 2015

> 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.

- Date: 2022-12-30 · published 2022-12-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38418-u-s-dollar-down-still-set-for-best-year-since-2015
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-eyes-best-year-since-2015-fed-rate-path-china-reopening-set-tone-2022-12-30/

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