# Recession concerns, dollar demand clamp down on commodity market

> Commodity markets continued to sell off as recession and inflation concerns boosted demand for the dollar. The dollar index reached a 20-year high, and Brent fell to $92.5, a 7% weekly drop.

- Date: 2022-07-18 · published 2022-07-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40398-recession-concerns-dollar-demand-clamp-down-on-commodity-market
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firm dollar and falling crude weigh on commodity prices, with recession risk reducing industrial and energy demand.

## Read by commodity

- DXY: bullish ▲
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-22 | [Commodity prices down on rising dollar demand](https://feedsoft.ai/events/39941-commodity-prices-down-on-rising-dollar-demand.md) | +0.0% | +1.6% |
| DXY | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | -0.1% | -2.8% |
| DXY | 2022-09-27 | [Dollar rally, recession fears wreak havoc on commodities](https://feedsoft.ai/events/11908-dollar-rally-recession-fears-wreak-havoc-on-commodities.md) | -1.1% | -0.8% |
| DXY | 2023-02-28 | [Dollar advances and heaps pressure on commodity currencies](https://feedsoft.ai/events/37239-dollar-advances-and-heaps-pressure-on-commodity-currencies.md) | -0.7% | -0.9% |
| DXY | 2018-07-18 | [GLOBAL MARKETS-Dollar's advance puts squeeze on gold, commodities By Reuters](https://feedsoft.ai/events/63943-global-markets-dollar-s-advance-puts-squeeze-on-gold-commodities-by-reuters.md) | +0.0% | +1.3% |
| BRENT | 2022-08-22 | [Commodity prices down on rising dollar demand](https://feedsoft.ai/events/39941-commodity-prices-down-on-rising-dollar-demand.md) | +4.6% | -6.4% |
| BRENT | 2023-04-17 | [Drop in Diesel Demand Heightens Recession Concerns - TT](https://feedsoft.ai/events/36589-drop-in-diesel-demand-heightens-recession-concerns-tt.md) | -5.0% | -14.3% |
| BRENT | 2021-03-19 | [Oil battered in ugly week as demand concerns, dollar spur slump](https://feedsoft.ai/events/7045-oil-battered-in-ugly-week-as-demand-concerns-dollar-spur-slump.md) | -1.8% | +5.9% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/economy/recession-concerns-dollar-demand-clamp-down-on-commodity-market/2639396

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