# Dollar's rally may be nearing 'tipping point' as Fed readies big hikes | Reuters

> The US dollar has risen about 7% against a basket of currencies over the past year, reaching its highest level since March 2020. Expectations of aggressive Federal Reserve rate hikes to fight the highest inflation in nearly 40 years have supported the move.

- Date: 2022-04-22 · published 2022-04-22T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42032-dollar-s-rally-may-be-nearing-tipping-point-as-fed-readies-big-hikes-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US commodity exports pricier for foreign buyers and tends to weigh on dollar-denominated grain and oilseed prices, while weakening importing currencies raises local feed costs.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-13 | [Dollar mostly firmer as Fed sees more U.S. rate hikes \| Reuters](https://feedsoft.ai/events/64708-dollar-mostly-firmer-as-fed-sees-more-u-s-rate-hikes-reuters.md) | +1.3% | +0.6% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |
| DXY | 2022-08-02 | [Dollar jumps vs yen as Fed officials hint more rate hikes coming \| Reuters](https://feedsoft.ai/events/40270-dollar-jumps-vs-yen-as-fed-officials-hint-more-rate-hikes-coming-reuters.md) | +0.4% | +1.7% |
| DXY | 2023-04-07 | [Dollar firms as US jobs report backs Fed hike in May \| Reuters](https://feedsoft.ai/events/36583-dollar-firms-as-us-jobs-report-backs-fed-hike-in-may-reuters.md) | -0.8% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/business/dollars-rally-may-be-nearing-tipping-point-fed-readies-big-hikes-2022-04-22/

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