# Surging greenback could help press pause on dollar-denominated commodities - McKeany-Flavell

> The dollar has appreciated about 10% since the start of 2022 and is at a two-decade high against a basket of currencies, driven by expected Fed hikes and capital flight from the Russia-Ukraine war. The article argues that a stronger dollar could pressure dollar-denominated commodities such as crude oil, gold, corn and sugar.

- Date: 2022-05-17 · published 2022-05-17T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41312-surging-greenback-could-help-press-pause-on-dollar-denominated-commodities
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar makes US-priced feed ingredients more expensive for importers, which can dampen import demand and pressure futures prices.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-28 | [Dollar advances and heaps pressure on commodity currencies](https://feedsoft.ai/events/37239-dollar-advances-and-heaps-pressure-on-commodity-currencies.md) | -0.7% | -0.9% |
| DXY | 2022-02-14 | [Higher Rates, Rising Inflation, Stronger U.S. Dollar To Pressure Commodities? \| Investing.com](https://feedsoft.ai/events/42643-higher-rates-rising-inflation-stronger-u-s-dollar-to-pressure-commodities.md) | -0.0% | +2.0% |
| DXY | 2022-08-22 | [Commodity prices down on rising dollar demand](https://feedsoft.ai/events/39941-commodity-prices-down-on-rising-dollar-demand.md) | +0.0% | +1.6% |
| DXY | 2022-09-27 | [Dollar rally, recession fears wreak havoc on commodities](https://feedsoft.ai/events/11908-dollar-rally-recession-fears-wreak-havoc-on-commodities.md) | -1.1% | -0.8% |
| DXY | 2021-06-21 | [Commodity Prices Dip As Dollar Surges \| OilPrice.com](https://feedsoft.ai/events/46491-commodity-prices-dip-as-dollar-surges-oilprice-com.md) | -1.0% | +0.4% |
| CORN | 2022-09-27 | [Dollar rally, recession fears wreak havoc on commodities](https://feedsoft.ai/events/11908-dollar-rally-recession-fears-wreak-havoc-on-commodities.md) | +1.8% | +4.0% |
| CORN | 2021-09-23 | [Gold prices ease as dollar firms on Fed rate hike comments \| Financial Post](https://feedsoft.ai/events/44965-gold-prices-ease-as-dollar-firms-on-fed-rate-hike-comments-financial-post.md) | +1.3% | +2.0% |
| CORN | 2021-06-17 | [Dollar surges to two-month high on Fed rate-hike projection](https://feedsoft.ai/events/5930-dollar-surges-to-two-month-high-on-fed-rate-hike-projection.md) | -2.4% | +2.5% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/surging-greenback-could-help-press-pause-on-dollar-denominated-commodities-05-17-22/

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