# Commodities slump as dollar rebounds

> Commodities fell as the dollar rebounded and the yuan sold off, with WTI down 4.0%, silver down 2.5% and copper down 2.0%. Hawkish Fed commentary pushed market expectations for the terminal rate back to 5%. Rising COVID cases in China also raised concerns about weaker Chinese demand, including reduced crude purchases by Chinese refiners.

- Date: 2022-11-17 · published 2022-11-17T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/38596-commodities-slump-as-dollar-rebounds
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Weaker Chinese demand and a stronger dollar both reduce demand and raise the cost of commodities priced in dollars for importers. This points to softer prices for energy and industrial inputs, with knock-on effects for feed ingredient values.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-06-21 | [Commodity Prices Dip As Dollar Surges \| OilPrice.com](https://feedsoft.ai/events/46491-commodity-prices-dip-as-dollar-surges-oilprice-com.md) | +3.5% | -7.3% |
| WTI | 2023-10-30 | [Canadian dollar rebounds as safe-haven flows ease](https://feedsoft.ai/events/33848-canadian-dollar-rebounds-as-safe-haven-flows-ease.md) | -5.7% | -13.1% |
| WTI | 2026-02-02 | [Slump in commodities rattles global markets \| Reuters](https://feedsoft.ai/events/20505-slump-in-commodities-rattles-global-markets-reuters.md) | -1.6% | +9.9% |
| WTI | 2020-03-24 | [Commodities Report Hensall Co-op](https://feedsoft.ai/events/6174-commodities-report-hensall-co-op.md) | -32.0% | -41.4% |
| WTI | 2021-03-19 | [Oil battered in ugly week as demand concerns, dollar spur slump](https://feedsoft.ai/events/7045-oil-battered-in-ugly-week-as-demand-concerns-dollar-spur-slump.md) | -2.4% | +5.3% |
| DXY | 2021-06-21 | [Commodity Prices Dip As Dollar Surges \| OilPrice.com](https://feedsoft.ai/events/46491-commodity-prices-dip-as-dollar-surges-oilprice-com.md) | -1.0% | +0.4% |
| DXY | 2021-11-04 | [Dollar rebounds, sterling slumps, as market resets rate expectations](https://feedsoft.ai/events/44289-dollar-rebounds-sterling-slumps-as-market-resets-rate-expectations.md) | -0.2% | +1.6% |
| DXY | 2024-05-28 | [Dollar rebounds as yields rise, consumer confidence improves](https://feedsoft.ai/events/30422-dollar-rebounds-as-yields-rise-consumer-confidence-improves.md) | +0.6% | +1.9% |

## Sources

- forex.com: https://www.forex.com/en/news-and-analysis/commodities-slump-as-dollar-rebounds/

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