# The US dollar is calling the shots - Ghost Mail

> A TreasuryONE dealer argues the US dollar is the main driver of emerging-market currencies, including the rand. Expectations of smaller US rate hikes later in 2022 pushed the dollar down from 1.04 to 1.07 per euro, and the rand moved with it toward R15.50.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41700-the-us-dollar-is-calling-the-shots-ghost-mail
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar direction drives the relative price of dollar-denominated commodities and the cost of imports for emerging-market buyers. This is market commentary with no new event behind it.

## Read by commodity

- DXY: neutral

## Sources

- ghostmail.co.za: https://www.ghostmail.co.za/the-us-dollar-is-calling-the-shots/

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