# Why is the U.S. dollar so strong right now? - Marketplace

> The dollar rallied broadly after a US jobs report showed nonfarm payrolls rising by 528,000, producing its biggest daily percentage gain in the recent period. The move extended the dollar's advance on expectations of further Federal Reserve tightening.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40218-why-is-the-u-s-dollar-so-strong-right-now-marketplace
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sharp dollar rally after strong US employment data signals tighter financial conditions and makes dollar-priced feed inputs more expensive for importers, a bearish factor for US commodity export prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |
| DXY | 2022-09-28 | [Why is the US dollar so strong, and what does it mean?](https://feedsoft.ai/events/10320-why-is-the-us-dollar-so-strong-and-what-does-it-mean.md) | -1.8% | -1.5% |
| DXY | 2024-04-18 | [How the strong U.S. dollar is rippling through the world economy](https://feedsoft.ai/events/12559-how-the-strong-u-s-dollar-is-rippling-through-the-world-economy.md) | -0.1% | -1.4% |
| DXY | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | +0.7% | +1.5% |
| DXY | 2024-04-29 | [A Strong U.S. Dollar Weighs on the World](https://feedsoft.ai/events/30905-a-strong-u-s-dollar-weighs-on-the-world.md) | -0.7% | -1.1% |

## Sources

- marketplace.org: https://www.marketplace.org/story/2022/08/29/why-us-dollar-is-strong

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