◂ Event Timeline

Oct 15, 2022MACROUS

Fed's Bullard says boost to dollar from interest rate hikes may ease

St. Louis Fed President James Bullard said that the Fed's rapid rate increases have strengthened the dollar, and that this strength may ease once the Fed reaches a pause in hikes. His remarks were made at an IMF and World Bank meeting panel in Washington.

WHY IT MATTERS

Commentary suggesting the dollar's strength may fade later points to eventual support for dollar-priced commodities, but the effect is not immediate.

AFFECTSDXY◆

SOURCE
reuters.comOct 15, 2022

Price reaction & history

DXY◆neutralSO FAR1d -0.5%5d -0.5%20d -3.8%

After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Jul 10, 2024Why the Fed cutting interest rates may weaken the U.S. dollar-0.6%
Jun 5, 2024US dollar to weaken, but Fed rate cuts are required, say strategists: Reuters poll+1.1%
Oct 29, 2025US Dollar Index roils after Fed delivers expected interest rate moves+1.0%
Dec 19, 2018With a rate hike priced in, dollar traders wait for Fed’s 2019 guidance - MarketWatch-0.3%
Aug 29, 2024Dollar eases after hitting highest in two weeks, US job data looms | Reuters+0.5%

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.

DXY · GP ▸

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