# Flight to safety: market context ahead of non-farm payrolls - Ghost Mail

> TreasuryONE notes a flight to the US dollar after Powell's Jackson Hole speech, which markets read as a hawkish signal with no Fed pivot in sight. Gold also sold off, and the euro faces pressure from Eurozone energy costs and inflation at 9.1%.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40331-flight-to-safety-market-context-ahead-of-non-farm-payrolls-ghost-mail
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firm dollar and an energy-driven euro slump raise the cost of dollar-priced grain and oilseed imports for buyers outside the US and add to pressure on global feed input costs.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-26 | [Canadian dollar edges lower on flight to safety \| MarketScreener](https://feedsoft.ai/events/20823-canadian-dollar-edges-lower-on-flight-to-safety-marketscreener.md) | +1.1% | +2.0% |
| DXY | 2021-05-28 | [Dollar Edges Up Ahead Of Inflation Data; Yen Falls - Market News Nigeria](https://feedsoft.ai/events/47357-dollar-edges-up-ahead-of-inflation-data-yen-falls-market-news-nigeria.md) | -0.1% | +1.0% |
| DXY | 2022-12-21 | [Dollar deposits in Korea jump to record on flight to safety and yields](https://feedsoft.ai/events/38456-dollar-deposits-in-korea-jump-to-record-on-flight-to-safety-and-yields.md) | -0.1% | -2.3% |
| DXY | 2026-07-29 | [To hike or not to hike: What today's Fed decision means for commodity markets - Pro Farmer](https://feedsoft.ai/events/18261-to-hike-or-not-to-hike-what-today-s-fed-decision-means-for-commodity-markets.md) | -0.9% | -2.0% |
| DXY | 2023-09-19 | [Ringgit extends downtrend vs dollar ahead of US Federal Open Market Committee meeting \| Malay Mail](https://feedsoft.ai/events/34369-ringgit-extends-downtrend-vs-dollar-ahead-of-us-federal-open-market-committee.md) | +0.8% | +1.6% |
| EURUSD | 2021-05-28 | [Dollar Edges Up Ahead Of Inflation Data; Yen Falls - Market News Nigeria](https://feedsoft.ai/events/47357-dollar-edges-up-ahead-of-inflation-data-yen-falls-market-news-nigeria.md) | -0.2% | -2.1% |
| EURUSD | 2024-10-30 | [The US Dollar Is Rising on Renewed Confidence in the US Economy and Market Fluctuations Ahead of the US Election - Desjardins](https://feedsoft.ai/events/28118-the-us-dollar-is-rising-on-renewed-confidence-in-the-us-economy-and-market.md) | +1.1% | -2.1% |
| EURUSD | 2020-04-29 | [Money market stress adds to case for more ECB action \| Financial Post](https://feedsoft.ai/events/53852-money-market-stress-adds-to-case-for-more-ecb-action-financial-post.md) | +0.1% | +1.2% |

## Sources

- ghostmail.co.za: https://www.ghostmail.co.za/flight-to-safety-market-context-ahead-of-non-farm-payrolls/

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