# Dollar regains strength as Powell dashes hope of a Fed pause | Reuters

> 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.

- Date: 2022-11-02 · published 2022-11-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/38842-dollar-regains-strength-as-powell-dashes-hope-of-a-fed-pause-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## 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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-30 | [Dollar gains as Fed's Powell adopts hawkish tone on economy \| Reuters](https://feedsoft.ai/events/28504-dollar-gains-as-fed-s-powell-adopts-hawkish-tone-on-economy-reuters.md) | +0.9% | +3.1% |
| DXY | 2024-11-14 | [Dollar retains strength against peers on Trump trade \| Reuters](https://feedsoft.ai/events/11853-dollar-retains-strength-against-peers-on-trump-trade-reuters.md) | -0.1% | -0.0% |
| DXY | 2023-06-28 | [Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes \| Reuters](https://feedsoft.ai/events/35413-nasdaq-ends-up-dollar-strengthens-as-powell-hints-at-more-rate-hikes-reuters.md) | +0.4% | -1.0% |
| DXY | 2025-11-17 | [Dollar strengthens as traders await return of U.S. data \| Reuters](https://feedsoft.ai/events/22148-dollar-strengthens-as-traders-await-return-of-u-s-data-reuters.md) | +0.7% | -0.8% |
| DXY | 2021-11-25 | [Asian stocks fall on dollar strength, Bank of Korea hikes rates \| Reuters](https://feedsoft.ai/events/44286-asian-stocks-fall-on-dollar-strength-bank-of-korea-hikes-rates-reuters.md) | -0.2% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/dollar-sags-fed-decision-looms-yen-surges-2022-11-02/

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