# Dollar falters as investors challenge Fed’s hawkishnes - Markets - Business Recorder

> The dollar slipped on Dec 15 as investors doubted the Fed would hold rates high enough to curb inflation. The Fed had raised rates by 50 basis points, and Chair Powell signaled more hikes next year with rates peaking above 5%. The index was last at 103.68 after a six-month low the previous session.

- Date: 2022-12-15 · published 2022-12-15T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/38421-dollar-falters-as-investors-challenge-fed-s-hawkishnes-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Doubts about the Fed's commitment to tightening weaken the dollar, which supports dollar-priced commodity exports. Expectations of more hikes keep rate-driven volatility in the commodity complex.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | -1.4% | -1.2% |
| DXY | 2020-06-08 | [Gold gains as investors bet on dovish signals from Fed - Markets - Business Recorder](https://feedsoft.ai/events/52529-gold-gains-as-investors-bet-on-dovish-signals-from-fed-markets-business-recorder.md) | +0.7% | +0.4% |
| DXY | 2021-07-28 | [Havens favoured as China jitters persist; dollar waits for Fed - Markets - Business Recorder](https://feedsoft.ai/events/45976-havens-favoured-as-china-jitters-persist-dollar-waits-for-fed-markets-business.md) | -0.4% | +0.4% |
| DXY | 2022-07-28 | [Dollar hits three-week low to yen as Fed’s Powell less hawkish than feared - Markets - Business Recorder](https://feedsoft.ai/events/40731-dollar-hits-three-week-low-to-yen-as-fed-s-powell-less-hawkish-than-feared.md) | -0.3% | +0.2% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40214645

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