# Dollar eases off of 20-year high as euro boosted by rates view | Reuters

> The dollar eased from a 20-year high as the euro gained on rate expectations. Money markets raised bets on a 75 basis point Fed hike in September to about 70%, and two-year Treasury yields hit a 15-year high near 3.49%.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40214-dollar-eases-off-of-20-year-high-as-euro-boosted-by-rates-view-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar and higher US yields pressure dollar-denominated commodity prices and raise import costs for currency-sensitive buyers, while a stronger dollar tends to weigh on US export competitiveness for grains and meals.

## Read by commodity

- DXY: bullish ▲
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | [Global shares rise as earnings boost, U.S. dollar hits 20-year high](https://feedsoft.ai/events/42072-global-shares-rise-as-earnings-boost-u-s-dollar-hits-20-year-high.md) | +0.1% | -0.4% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| DXY | 2024-11-11 | [Euro hits near 7-month low vs dollar as tariff worries weigh \| Reuters](https://feedsoft.ai/events/7555-euro-hits-near-7-month-low-vs-dollar-as-tariff-worries-weigh-reuters.md) | +0.8% | +1.1% |
| DXY | 2024-12-24 | [Dollar edges higher as Fed rates view sets direction](https://feedsoft.ai/events/27135-dollar-edges-higher-as-fed-rates-view-sets-direction.md) | +0.8% | -0.1% |
| DXY | 2016-11-16 | [Dollar hits 14-year high as Trump-fuelled bond sell-off resumes](https://feedsoft.ai/events/9131-dollar-hits-14-year-high-as-trump-fuelled-bond-sell-off-resumes.md) | +0.6% | -0.0% |
| EURUSD | 2024-12-16 | [Dollar edges higher against major peers as investors eye Fed rate cut \| Reuters](https://feedsoft.ai/events/27178-dollar-edges-higher-against-major-peers-as-investors-eye-fed-rate-cut-reuters.md) | -0.6% | -2.0% |
| EURUSD | 2026-04-28 | [Euro-Dollar Driven by War, Not Rates: UniCredit](https://feedsoft.ai/events/19947-euro-dollar-driven-by-war-not-rates-unicredit.md) | -0.3% | -0.9% |
| EURUSD | 2024-08-29 | [Dollar eases after hitting highest in two weeks, US job data looms \| Reuters](https://feedsoft.ai/events/29010-dollar-eases-after-hitting-highest-in-two-weeks-us-job-data-looms-reuters.md) | -0.3% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/dollar-gains-investors-brace-higher-rates-2022-08-29/

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