# FX Daily: High bar for the Fed pivot leaves dollar in ascendancy | articles | ING THINK

> Fed Chair Jerome Powell's hawkish Jackson Hole speech pushed US real yields higher, equities down around 4% and the dollar stronger. Markets scaled back expected easing for 2023 after the speech.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40251-fx-daily-high-bar-for-the-fed-pivot-leaves-dollar-in-ascendancy-articles-ing
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A firmer dollar and higher US real yields pressure dollar-priced grain and oilseed exports and raise the cost of carrying feed inventories.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-28 | [FX Daily: Dollar getting a lift from the short end \| articles \| ING THINK](https://feedsoft.ai/events/45257-fx-daily-dollar-getting-a-lift-from-the-short-end-articles-ing-think.md) | +0.5% | -0.1% |
| DXY | 2021-06-17 | [FX Daily: The Fed disrupting the calm \| articles \| ING THINK](https://feedsoft.ai/events/6129-fx-daily-the-fed-disrupting-the-calm-articles-ing-think.md) | +1.1% | +1.7% |
| DXY | 2020-02-21 | [G10 FX Week Ahead: The dollar way or the highway \| articles \| ING THINK](https://feedsoft.ai/events/54808-g10-fx-week-ahead-the-dollar-way-or-the-highway-articles-ing-think.md) | +0.1% | +6.7% |
| DXY | 2024-04-17 | [FX Daily: The big unwinding \| articles \| ING THINK](https://feedsoft.ai/events/30940-fx-daily-the-big-unwinding-articles-ing-think.md) | -0.3% | -1.0% |
| DXY | 2023-09-28 | [FX Daily: Perfect storm drives dollar stronger still \| articles \| ING THINK](https://feedsoft.ai/events/34306-fx-daily-perfect-storm-drives-dollar-stronger-still-articles-ing-think.md) | +0.5% | +0.8% |
| SOY | 2023-09-28 | [FX Daily: Perfect storm drives dollar stronger still \| articles \| ING THINK](https://feedsoft.ai/events/34306-fx-daily-perfect-storm-drives-dollar-stronger-still-articles-ing-think.md) | -2.3% | -1.2% |
| SOY | 2024-02-05 | [FX Daily: Flip Flop \| articles \| ING THINK](https://feedsoft.ai/events/31892-fx-daily-flip-flop-articles-ing-think.md) | -0.4% | -3.5% |
| SOY | 2023-11-03 | [FX: Dollar to defy seasonal trends \| articles \| ING THINK](https://feedsoft.ai/events/11460-fx-dollar-to-defy-seasonal-trends-articles-ing-think.md) | +1.8% | +1.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-high-bar-for-the-fed-pivot-leaves-dollar-in-ascendancy/

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