# Dollar near recent peaks as Fed looms, growth fears weigh

> The dollar held just below multi-decade highs on July 26 while traders awaited the Fed decision. The euro fell about 1% to $1.01 amid concerns about European energy security and a looming cut in Russian gas flows.

- Date: 2022-08-01 · published 2022-08-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40686-dollar-near-recent-peaks-as-fed-looms-growth-fears-weigh
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Dollar strength persists while the Fed decision is pending, which keeps pressure on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-11-01 | [Indian Rupee Nears Record Low as Fed-Driven Strong Dollar Weighs](https://feedsoft.ai/events/22692-indian-rupee-nears-record-low-as-fed-driven-strong-dollar-weighs.md) | +0.0% | -0.2% |
| DXY | 2024-11-11 | [Euro hits near 7-month low vs dollar as tariff worries weigh \| Reuters](https://feedsoft.ai/events/7555-euro-hits-near-7-month-low-vs-dollar-as-tariff-worries-weigh-reuters.md) | +0.8% | +1.1% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| DXY | 2018-06-20 | [Dollar hovers near 11-month high as trade concerns weigh](https://feedsoft.ai/events/8535-dollar-hovers-near-11-month-high-as-trade-concerns-weigh.md) | -0.3% | -0.3% |
| DXY | 2021-10-01 | [Dollar heads for best week in months as Fed tightening looms](https://feedsoft.ai/events/44797-dollar-heads-for-best-week-in-months-as-fed-tightening-looms.md) | -0.1% | -0.4% |
| EURUSD | 2024-11-11 | [Euro hits near 7-month low vs dollar as tariff worries weigh \| Reuters](https://feedsoft.ai/events/7555-euro-hits-near-7-month-low-vs-dollar-as-tariff-worries-weigh-reuters.md) | -1.2% | -1.8% |
| EURUSD | 2022-04-27 | [Dollar hits five-year high, growth concerns dent euro](https://feedsoft.ai/events/7377-dollar-hits-five-year-high-growth-concerns-dent-euro.md) | -1.2% | +0.8% |
| EURUSD | 2022-07-05 | [Euro slumps to two-decade low as recession fears grow](https://feedsoft.ai/events/10283-euro-slumps-to-two-decade-low-as-recession-fears-grow.md) | -3.1% | -1.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/07/26/forex-markets-currencies-fed-inflation-rate-hike-economic-outlook.html

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