# Why the turbo-charged US dollar is causing headaches around the world | Money News | Sky News

> The US dollar hit a two-decade high against the yen, a five-year high against the euro, and its highest level against sterling since September 2020. The dollar index reached a five-year high after Fed chair Powell signaled a likely rate hike to 0.75%-1% next week, while Russia's cut of gas supplies to Poland and Bulgaria weighed on the euro.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42089-why-the-turbo-charged-us-dollar-is-causing-headaches-around-the-world-money
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A strong dollar driven by Fed hikes and energy-related euro weakness raises the cost of dollar-priced feed imports for many countries, pressuring importers' margins.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-22 | [SBS On the Money: Why US rate rise means higher Australian rates and lower dollar \| SBS News](https://feedsoft.ai/events/39837-sbs-on-the-money-why-us-rate-rise-means-higher-australian-rates-and-lower.md) | +1.9% | +1.8% |
| DXY | 2024-04-23 | [Where king dollar is causing pain the most](https://feedsoft.ai/events/30983-where-king-dollar-is-causing-pain-the-most.md) | -0.4% | -1.5% |
| DXY | 2022-09-28 | [Why is the US dollar so strong, and what does it mean?](https://feedsoft.ai/events/10320-why-is-the-us-dollar-so-strong-and-what-does-it-mean.md) | -1.8% | -1.5% |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |
| DXY | 2018-09-30 | [Is the US dollar heading for a crash?  \| The National](https://feedsoft.ai/events/63245-is-the-us-dollar-heading-for-a-crash-the-national.md) | +0.7% | +1.8% |
| EURUSD | 2024-04-23 | [Where king dollar is causing pain the most](https://feedsoft.ai/events/30983-where-king-dollar-is-causing-pain-the-most.md) | +0.6% | +1.9% |
| EURUSD | 2024-04-18 | [How the strong U.S. dollar is rippling through the world economy](https://feedsoft.ai/events/12559-how-the-strong-u-s-dollar-is-rippling-through-the-world-economy.md) | +0.4% | +2.0% |
| EURUSD | 2018-04-30 | [More bad news for US dollar bears? \| articles \| ING THINK](https://feedsoft.ai/events/65687-more-bad-news-for-us-dollar-bears-articles-ing-think.md) | -1.3% | -3.7% |

## Sources

- news.sky.com: https://news.sky.com/story/why-the-turbo-charged-us-dollar-is-causing-headaches-around-the-world-12600807

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