# The Dollar Is Extremely Strong, Pushing Down the World

> The article notes the yen fell to a 24-year low against the dollar and the euro reached parity. It says most currencies, including the Colombian peso and Indian rupee, have lost value against the dollar.

- Date: 2022-07-16 · published 2022-07-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40787-the-dollar-is-extremely-strong-pushing-down-the-world
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Broad dollar strength raises import costs for emerging market feed buyers and reflects the global tightening that is pressuring commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDCOP: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-29 | [A Strong U.S. Dollar Weighs on the World](https://feedsoft.ai/events/30905-a-strong-u-s-dollar-weighs-on-the-world.md) | -0.7% | -1.1% |
| DXY | 2024-04-18 | [How the strong U.S. dollar is rippling through the world economy](https://feedsoft.ai/events/12559-how-the-strong-u-s-dollar-is-rippling-through-the-world-economy.md) | -0.1% | -1.4% |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |
| DXY | 2021-03-24 | [What a stronger dollar means for the world](https://feedsoft.ai/events/48323-what-a-stronger-dollar-means-for-the-world.md) | +0.8% | -0.9% |
| DXY | 2022-09-15 | [Is the US Dollar Too Strong? \| Goldman Sachs](https://feedsoft.ai/events/39759-is-the-us-dollar-too-strong-goldman-sachs.md) | +1.0% | +2.6% |

## Sources

- nytimes.com: https://www.nytimes.com/interactive/2022/07/16/business/strong-dollar.html

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