◂ Event Timeline

Nov 2, 2022MACROUS

Dollar regains strength as Powell dashes hope of a Fed pause

The dollar regained some strength after Federal Reserve Chair Jerome Powell said it was premature to discuss pausing rate hikes. The Fed raised its key lending rate by 75 basis points for the fourth straight time.

WHY IT MATTERS

Higher-for-longer US rates support the dollar, which weighs on dollar-priced commodities and can pressure feed commodity prices in importing markets.

AFFECTSUS Dollar (Broad)▲

SOURCE
reuters.comHerbert Lash, Saqib AhmedNov 2, 2022

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d -0.1%5d -1.4%20d -4.2%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Sep 30, 2024Dollar gains as Fed's Powell adopts hawkish tone on economy | Reuters+0.9%
Nov 14, 2024Dollar retains strength against peers on Trump trade | Reuters-0.1%
Jun 28, 2023Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes | Reuters+0.4%
Nov 17, 2025Dollar strengthens as traders await return of U.S. data | Reuters+0.7%
Nov 25, 2021Asian stocks fall on dollar strength, Bank of Korea hikes rates | Reuters-0.2%

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.

US Dollar (Broad) DXY · GP ▸

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