# Commodity prices down on rising dollar demand

> Commodity markets fell in the week to August 19 as demand for the dollar rose after Fed minutes signalled continued rate hikes. Gold, base metals and Brent oil declined, while US housing starts fell 9.6% in July.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/39941-commodity-prices-down-on-rising-dollar-demand
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Firmer dollar demand and recession worries weigh on commodity prices broadly, with the pressure mostly showing up in metals and energy.

## Read by commodity

- DXY: bullish ▲
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-18 | [Recession concerns, dollar demand clamp down on commodity market](https://feedsoft.ai/events/40398-recession-concerns-dollar-demand-clamp-down-on-commodity-market.md) | -0.8% | -2.0% |
| 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 | 2023-02-28 | [Dollar advances and heaps pressure on commodity currencies](https://feedsoft.ai/events/37239-dollar-advances-and-heaps-pressure-on-commodity-currencies.md) | -0.7% | -0.9% |
| DXY | 2018-09-01 | [Rising US real interest rates imply falling real commodity prices](https://feedsoft.ai/events/63460-rising-us-real-interest-rates-imply-falling-real-commodity-prices.md) | +0.4% | -0.4% |
| DXY | 2016-08-31 | [Strong dollar remains anchor on prices](https://feedsoft.ai/events/12399-strong-dollar-remains-anchor-on-prices.md) | -1.2% | +0.3% |
| BRENT | 2022-07-18 | [Recession concerns, dollar demand clamp down on commodity market](https://feedsoft.ai/events/40398-recession-concerns-dollar-demand-clamp-down-on-commodity-market.md) | -1.5% | -5.3% |
| BRENT | 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) | +4.1% | +1.0% |
| BRENT | 2018-06-17 | [The Fed Is Driving Down Oil Prices \| OilPrice.com](https://feedsoft.ai/events/64443-the-fed-is-driving-down-oil-prices-oilprice-com.md) | +2.6% | +2.7% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/economy/commodity-prices-down-on-rising-dollar-demand/2666789

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