# WCU: Peak recession fears bring commodities down to earth | Saxo

> Commodities remain under pressure as recession fears grow and the dollar strengthens to multi-decade highs against the euro and yen. China's Covid cases and property sector troubles add to demand concerns.

- Date: 2022-07-01 · published 2022-07-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40401-wcu-peak-recession-fears-bring-commodities-down-to-earth-saxo
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar raises the cost of commodities for importers and weakens demand, especially in Europe, which points to continued price pressure across energy and grains.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-09-26 | [Commodity prices down last week amid hawkish monetary policies, recession fears](https://feedsoft.ai/events/11907-commodity-prices-down-last-week-amid-hawkish-monetary-policies-recession-fears.md) | +0.2% | +0.6% |
| DXY | 2019-08-21 | [Weekly Pricing Pulse: Recession worries undercut commodity prices](https://feedsoft.ai/events/57752-weekly-pricing-pulse-recession-worries-undercut-commodity-prices.md) | +0.3% | -0.3% |
| DXY | 2018-06-25 | [COT Dollar strength and trade fears trigger big changes across forex and commodities \| Saxo](https://feedsoft.ai/events/11644-cot-dollar-strength-and-trade-fears-trigger-big-changes-across-forex-and.md) | -0.0% | +0.1% |
| DXY | 2022-07-11 | [EMERGING MARKETS-Colombian and Chilean pesos hit all-time-lows on commodity falls, recession fears](https://feedsoft.ai/events/40784-emerging-markets-colombian-and-chilean-pesos-hit-all-time-lows-on-commodity.md) | +0.8% | -0.1% |
| WTI | 2022-09-26 | [Commodity prices down last week amid hawkish monetary policies, recession fears](https://feedsoft.ai/events/11907-commodity-prices-down-last-week-amid-hawkish-monetary-policies-recession-fears.md) | +1.0% | +8.1% |
| WTI | 2023-06-09 | [Falling commodity prices stoke fear of global recession](https://feedsoft.ai/events/6884-falling-commodity-prices-stoke-fear-of-global-recession.md) | -0.9% | +2.5% |
| WTI | 2025-04-04 | [Commodities weekly: Tariff-led recession pain triggers sharp reversal \| Saxo Bank Switzerland](https://feedsoft.ai/events/25046-commodities-weekly-tariff-led-recession-pain-triggers-sharp-reversal-saxo-bank.md) | -10.2% | -12.0% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/wcu-peak-recession-fears-bring-commodities-down-to-earth-15072022

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