# Dollar gains with Treasury yields, sterling tumbles on hot inflation

> The dollar hit an eight-week high against the yen and held near a five-week high against sterling after rising Treasury yields. Sterling weakened after hotter-than-expected UK inflation raised recession concerns, and the Fed was expected to raise rates by another 75 basis points in early November.

- Date: 2022-10-19 · published 2022-10-19T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/39400-dollar-gains-with-treasury-yields-sterling-tumbles-on-hot-inflation
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Rising US yields and a firmer dollar tend to weigh on dollar-denominated commodity prices and raise financing costs for feed buyers.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-05-19 | [Treasury yields, dollar weigh on gold amid inflation concerns](https://feedsoft.ai/events/19168-treasury-yields-dollar-weigh-on-gold-amid-inflation-concerns.md) | +0.1% | +0.2% |
| DXY | 2021-09-27 | [U.S. dollar gains, tracks rise in Treasury yields](https://feedsoft.ai/events/45255-u-s-dollar-gains-tracks-rise-in-treasury-yields.md) | +0.5% | -0.1% |
| DXY | 2022-06-10 | [Stocks slide, dollar gains on hot U.S. inflation data \| Reuters](https://feedsoft.ai/events/7711-stocks-slide-dollar-gains-on-hot-u-s-inflation-data-reuters.md) | +1.5% | +3.7% |
| DXY | 2024-05-29 | [Dollar steadies, US yields climb on poor Treasury sales](https://feedsoft.ai/events/30531-dollar-steadies-us-yields-climb-on-poor-treasury-sales.md) | +1.1% | +2.3% |
| DXY | 2022-05-05 | [Dollar index hits 20-year high, sterling tumbles on dovish BoE](https://feedsoft.ai/events/8318-dollar-index-hits-20-year-high-sterling-tumbles-on-dovish-boe.md) | +0.7% | -1.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/10/19/forex-markets-currencies-dollar-yen-british-pound.html

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