# As U.S. economy’s exceptionalism fades, so does the dollar - The Globe and Mail

> The dollar's rally to two-decade highs has stalled, slipping about 3% since May 13 after a 10% climb over three months. Traders are weighing doubts about US growth, the fading safe-haven bid from the Russia-Ukraine war, and an ECB move toward ending negative rates.

- Date: 2022-05-25 · published 2022-05-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/41618-as-u-s-economy-s-exceptionalism-fades-so-does-the-dollar-the-globe-and-mail
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A softer dollar tends to support dollar-priced agricultural commodities and improve import affordability for feed buyers. The shift is gradual and depends on the relative pace of rate hikes across major central banks.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-12-01 | [Canadian dollar strengthens as economy grows at a record pace - The Globe and Mail](https://feedsoft.ai/events/49874-canadian-dollar-strengthens-as-economy-grows-at-a-record-pace-the-globe-and-mail.md) | -1.2% | -1.7% |
| DXY | 2019-04-26 | [Canadian dollar rises as U.S. growth composition weighs on greenback - The Globe and Mail](https://feedsoft.ai/events/59816-canadian-dollar-rises-as-u-s-growth-composition-weighs-on-greenback-the-globe.md) | -0.2% | +0.4% |
| DXY | 2017-01-31 | [Loonie rallies as Trump’s ‘guns of Navarro’ knock U.S. dollar - The Globe and Mail](https://feedsoft.ai/events/73203-loonie-rallies-as-trump-s-guns-of-navarro-knock-u-s-dollar-the-globe-and-mail.md) | -0.6% | -0.6% |
| DXY | 2019-02-26 | [Canadian dollar strengthens as Fed’s patience bruises greenback - The Globe and Mail](https://feedsoft.ai/events/60837-canadian-dollar-strengthens-as-fed-s-patience-bruises-greenback-the-globe-and.md) | +0.5% | +0.2% |
| DXY | 2021-07-28 | [Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail](https://feedsoft.ai/events/46270-canadian-dollar-gains-as-fed-readies-new-money-market-facilities-the-globe-and.md) | -0.4% | +0.4% |
| EURUSD | 2017-01-31 | [Loonie rallies as Trump’s ‘guns of Navarro’ knock U.S. dollar - The Globe and Mail](https://feedsoft.ai/events/73203-loonie-rallies-as-trump-s-guns-of-navarro-knock-u-s-dollar-the-globe-and-mail.md) | +0.5% | -0.6% |
| EURUSD | 2025-04-14 | [Why the U.S. dollar has plunged and euro soared on Trump tariffs](https://feedsoft.ai/events/7246-why-the-u-s-dollar-has-plunged-and-euro-soared-on-trump-tariffs.md) | +0.6% | -0.5% |
| EURUSD | 2026-02-11 | [Euro and yuan global ambitions hasten the dollar drop \| Reuters](https://feedsoft.ai/events/20808-euro-and-yuan-global-ambitions-hasten-the-dollar-drop-reuters.md) | -0.7% | -2.8% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/investment-ideas/article-as-us-economys-exceptionalism-fades-so-does-the-dollar/

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