# No place to hide: Dollar's surge cuts across markets

> The US dollar rose to two-decade highs in early May, tightening financial conditions as the world economy faces a possible slowdown. Reuters notes the surge threatens to damage broader market conditions.

- Date: 2022-05-06 · published 2022-05-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/41617-no-place-to-hide-dollar-s-surge-cuts-across-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A strong dollar makes US commodities more expensive for foreign buyers and tends to weigh on dollar-priced grain and meal values. It also tightens financing for importers such as emerging-market feed buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-24 | [ING: U.S. Dollar to Remain Supported as Markets for a Fed Rate Cut are Misplaced](https://feedsoft.ai/events/59252-ing-u-s-dollar-to-remain-supported-as-markets-for-a-fed-rate-cut-are-misplaced.md) | +0.4% | -1.2% |
| DXY | 2022-05-09 | [U.S. dollar touches 20-year high as markets shun risk](https://feedsoft.ai/events/41620-u-s-dollar-touches-20-year-high-as-markets-shun-risk.md) | +0.8% | -1.3% |
| DXY | 2022-08-29 | [Why is the U.S. dollar so strong right now? - Marketplace](https://feedsoft.ai/events/40218-why-is-the-u-s-dollar-so-strong-right-now-marketplace.md) | +0.6% | +4.4% |
| DXY | 2021-11-24 | [Surging dollar awakens volatility in currency markets](https://feedsoft.ai/events/11257-surging-dollar-awakens-volatility-in-currency-markets.md) | -0.1% | -0.2% |
| DXY | 2021-09-28 | [Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder](https://feedsoft.ai/events/45256-dollar-hits-10-1-2-month-high-as-treasury-yields-surge-markets-business-recorder.md) | +0.5% | -0.1% |

## Sources

- reuters.com: https://www.reuters.com/business/finance/no-place-hide-dollars-surge-cuts-across-markets-2022-05-06/

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