# Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs | Money & Forex Markets - Business Standard

> The US dollar rose to new 24-year highs against the yen and approached parity with the euro, driven by expectations of faster Fed tightening and safe-haven flows. The Australian dollar rose after strong domestic jobs data fueled speculation of a large Reserve Bank rate hike.

- Date: 2022-07-14 · published 2022-07-14T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/40744-dollar-ascendant-as-cpi-stokes-fed-bets-aussie-jumps-on-strong-jobs-money-and
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger dollar makes US commodity exports less competitive abroad and typically pressures grain and oilseed futures lower.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-17 | [FOREX-Rate bets rule currency markets as dollar shines; euro, Aussie sag \| Business](https://feedsoft.ai/events/11955-forex-rate-bets-rule-currency-markets-as-dollar-shines-euro-aussie-sag-business.md) | +0.8% | +1.1% |
| DXY | 2022-08-31 | [Rupee outperforms most EM peers as dollar surges to a 20-year high \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/40315-rupee-outperforms-most-em-peers-as-dollar-surges-to-a-20-year-high-money-and.md) | +0.9% | +3.6% |
| DXY | 2026-08-31 | [Dollar holds near two-week high as bets rise on September Fed rate hike \| Markets News - Business Standard](https://feedsoft.ai/events/18081-dollar-holds-near-two-week-high-as-bets-rise-on-september-fed-rate-hike-markets.md) | -0.6% | +1.6% |
| DXY | 2023-04-17 | [Indian rupee declines as dollar jumps on Fed policy reassessment - Markets - Business Recorder](https://feedsoft.ai/events/36659-indian-rupee-declines-as-dollar-jumps-on-fed-policy-reassessment-markets.md) | +0.4% | +0.4% |
| DXY | 2023-12-10 | [Australian dollar to fall on strong US jobs - MacroBusiness](https://feedsoft.ai/events/32982-australian-dollar-to-fall-on-strong-us-jobs-macrobusiness.md) | -0.8% | -0.9% |

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/dollar-ascendant-as-cpi-stokes-fed-bets-aussie-jumps-on-strong-jobs-122071400375_1.html

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