# Dollar retreats as rate hike bets ease

> The dollar eased from a two-decade high on July 18 as traders pared bets on a larger Fed rate hike. Futures markets moved firmly toward a 75 bp increase at the July meeting after a softer inflation expectations reading.

- Date: 2022-07-18 · published 2022-07-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/40684-dollar-retreats-as-rate-hike-bets-ease
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced expectations for aggressive Fed hikes weaken the dollar, which modestly supports dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-02 | [US dollar retreats as risk appetite rises, Fed rate hikes seen as done](https://feedsoft.ai/events/33079-us-dollar-retreats-as-risk-appetite-rises-fed-rate-hikes-seen-as-done.md) | -1.4% | -3.1% |
| DXY | 2025-11-27 | [Dollar retreats, kiwi leaps as rate direction diverges](https://feedsoft.ai/events/22144-dollar-retreats-kiwi-leaps-as-rate-direction-diverges.md) | -0.5% | -1.5% |
| DXY | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | -0.4% | +1.0% |
| DXY | 2024-08-05 | [Dollar down as US rate cut bets rise, yen surges](https://feedsoft.ai/events/7431-dollar-down-as-us-rate-cut-bets-rise-yen-surges.md) | -0.4% | -0.9% |
| DXY | 2021-10-19 | [Dollar drops as rate-hike bets profilerate elsewhere, yuan hits 4-mth peak](https://feedsoft.ai/events/7483-dollar-drops-as-rate-hike-bets-profilerate-elsewhere-yuan-hits-4-mth-peak.md) | -0.3% | +1.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/07/18/forex-currencies-inflation-dollar-euro-europe-gas-supply.html

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