◂ Event Timeline

Aug 12, 2022MACROUS

Stronger dollar down for the week as clues point to inflation peak

The dollar rallied on Friday but ended the week lower as clues pointed to a peak in US inflation. The dollar rose 0.39% against the yen to 133.495.

WHY IT MATTERS

Signs of an inflation peak weaken expectations for further Fed tightening, which can ease pressure on dollar-denominated commodity prices.

AFFECTSUS Dollar (Broad)▼

SOURCE
reuters.comJohn MccrankAug 12, 2022

Price reaction & history

US Dollar (Broad)▼bearishSO FAR1d +0.2%5d +1.4%20d +2.5%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

Sep 11, 2020Lower-for-longer rates from the Fed point to a weaker-for-longer dollar-0.4%
May 31, 2024Dollar set for first monthly drop after US inflation readout | Reuters+0.3%
Feb 1, 2023Dollar falls to nine-month low as Powell notes progress in disinflation | Reuters+1.1%
May 11, 2021Commodity currencies hold advantage as dollar waits for inflation and Fed | Reuters+0.3%
Dec 1, 2022Dollar index lowest since August as inflation moderates | Reuters-0.6%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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