# U.S. dollar touches 20-year high as markets shun risk

> The US dollar index hit a 20-year high of 104.19 as risk-off sentiment rose over Fed inflation-fighting concerns, the Ukraine war and COVID cases in China. The dollar has risen for five straight weeks as Treasury yields climbed.

- Date: 2022-05-09 · published 2022-05-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/41620-u-s-dollar-touches-20-year-high-as-markets-shun-risk
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar raises the local-currency cost of imported feed ingredients and weighs on dollar-priced grain and oilseed values. Persistent strength could reduce demand from price-sensitive importers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | [Global shares rise as earnings boost, U.S. dollar hits 20-year high](https://feedsoft.ai/events/42072-global-shares-rise-as-earnings-boost-u-s-dollar-hits-20-year-high.md) | +0.1% | -0.4% |
| DXY | 2021-10-11 | [Forex markets: Dollar hits more than 2-year high against yen](https://feedsoft.ai/events/44794-forex-markets-dollar-hits-more-than-2-year-high-against-yen.md) | -0.5% | -0.7% |
| DXY | 2022-04-25 | [U.S. dollar rises to two-year high; yuan tumbles \| Reuters](https://feedsoft.ai/events/4945-u-s-dollar-rises-to-two-year-high-yuan-tumbles-reuters.md) | +1.2% | +1.1% |
| DXY | 2026-09-15 | [Dollar inches higher as 10-year Treasury yield climbs to highest since 2007 \| MarketScreener UK](https://feedsoft.ai/events/17645-dollar-inches-higher-as-10-year-treasury-yield-climbs-to-highest-since-2007.md) | +0.6% | +2.3% |
| DXY | 2022-07-05 | [Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times](https://feedsoft.ai/events/10287-euro-hits-20-year-low-against-dollar-as-markets-slide-the-new-york-times.md) | +1.5% | -0.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/05/09/forex-markets-dollar-us-treasury-yields.html

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