# Currencies: High Volatility After J. Powell's Statements - Stocks and Securities | Investments and Western Union Colombia

> Fed Chair Jerome Powell signaled after the Jackson Hole symposium that the central bank is prepared to keep tightening monetary policy to cool demand. US stock futures fell, with the S&P 500 and Nasdaq 100 extending losses and two-year Treasury yields hitting their highest since 2007. The dollar index traded near 108.66 as volatility rose.

- Date: 2022-08-26 · published 2022-08-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40313-currencies-high-volatility-after-j-powell-s-statements-stocks-and-securities
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar and higher US rates tend to pressure dollar-denominated grain and oilseed prices and can weaken demand from importers. Risk-off moves also weigh on energy and other commodities.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-14 | [Currencies: Volatility Due to Monetary Policy Decisions in Europe - Stocks and Securities \| Investments and Western Union Money Transfers Colombia](https://feedsoft.ai/events/38505-currencies-volatility-due-to-monetary-policy-decisions-in-europe-stocks-and.md) | +0.2% | -2.0% |
| DXY | 2021-04-27 | [Treasury yields show nervousness after Jerome Powell's speech - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/47885-treasury-yields-show-nervousness-after-jerome-powell-s-speech-stocks-and.md) | +0.2% | -0.8% |
| DXY | 2023-02-16 | [Currencies: Colombian Peso Ends the Week Devalued Amid Expectations of New Reforms - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/37629-currencies-colombian-peso-ends-the-week-devalued-amid-expectations-of-new.md) | +0.5% | +1.1% |
| DXY | 2021-06-16 | [Foreign Exchange Market Impacted by the Fed's Optimistic Speech - Stocks and Securities \| Investments and Western Union Money Transfers Colombia](https://feedsoft.ai/events/46882-foreign-exchange-market-impacted-by-the-fed-s-optimistic-speech-stocks-and.md) | +1.4% | +1.4% |
| DXY | 2017-01-19 | [Stocks, currencies fall after Fed's Yellen signals rate hikes](https://feedsoft.ai/events/11875-stocks-currencies-fall-after-fed-s-yellen-signals-rate-hikes.md) | -0.4% | -1.5% |
| CORN | 2019-07-31 | [Dow drops 330 points after Powell hints rate cut not the start of a trend](https://feedsoft.ai/events/58268-dow-drops-330-points-after-powell-hints-rate-cut-not-the-start-of-a-trend.md) | -5.0% | -9.9% |
| CORN | 2019-08-21 | [Macroeconomic Volatility and Industry Specific Shocks Pressure Down Cattle Prices \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/10657-macroeconomic-volatility-and-industry-specific-shocks-pressure-down-cattle.md) | +1.9% | +1.2% |
| CORN | 2020-02-08 | [DOLLAR INDEX HAS A STRONG WEEK AS EURO FALLS -- GLOBAL INVESTORS ARE FAVORING U.S. ASSETS -- STRONGER $ WEAKENS COMMODITIES -- AND FOREIGN STOCK ETFS](https://feedsoft.ai/events/54511-dollar-index-has-a-strong-week-as-euro-falls-global-investors-are-favoring-u-s.md) | -1.6% | -1.2% |

## Sources

- accivalores.com: https://www.accivalores.com/en/otros-informes/6290-divisas-alta-volatilidad-luego-de-las-declaraciones-de-j-powell/

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