# Dollar slips as global growth worries fester

> The dollar eased against the euro and yen as fears grew that rate hikes could trigger a global slowdown. UK inflation hit 9.1% and Canadian inflation reached 7.7%, while Powell pledged to bring inflation down expeditiously.

- Date: 2022-06-22 · published 2022-06-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/41181-dollar-slips-as-global-growth-worries-fester
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger dollar and recession risk lower demand expectations and pressure commodity prices; the story is broad macro sentiment rather than a grain-specific driver.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-17 | [Dollar pares gains as some Fed officials show caution on growth \| Reuters](https://feedsoft.ai/events/39940-dollar-pares-gains-as-some-fed-officials-show-caution-on-growth-reuters.md) | +1.1% | +2.3% |
| DXY | 2026-01-30 | [Affording the dollar’s decline \| UBS Global](https://feedsoft.ai/events/21242-affording-the-dollar-s-decline-ubs-global.md) | +0.9% | +0.3% |
| DXY | 2026-07-30 | [Dollar Slips As Markets Wait For US Data Drops - Finimize](https://feedsoft.ai/events/18553-dollar-slips-as-markets-wait-for-us-data-drops-finimize.md) | -1.2% | -1.9% |
| DXY | 2023-02-22 | [Watch the dollar for de-globalisation](https://feedsoft.ai/events/37523-watch-the-dollar-for-de-globalisation.md) | +0.6% | +0.2% |
| DXY | 2022-12-02 | [Dollar gives back gains, strong wage growth complicates Fed policy](https://feedsoft.ai/events/38422-dollar-gives-back-gains-strong-wage-growth-complicates-fed-policy.md) | +0.3% | -0.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/06/22/forex-markets-japanese-yen-us-bond-yields-dollar.html

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