# No peace for emerging market currencies as mighty US dollar reigns: Poll- Moneycontrol.com

> A Reuters poll of over 50 FX strategists expects most emerging market currencies to weaken against the dollar over the next 12 months. The poll follows the Federal Reserve's signal of half-point rate hikes and a $95 billion monthly balance sheet reduction.

- Date: 2022-04-08 · published 2022-04-08T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42145-no-peace-for-emerging-market-currencies-as-mighty-us-dollar-reigns-poll
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes dollar-priced commodities like grains and oilseeds more expensive for importers in emerging markets, which can reduce their purchasing power.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-04 | [Soaring US dollar threatens trouble for emerging markets \| Currencies \| The Guardian](https://feedsoft.ai/events/62719-soaring-us-dollar-threatens-trouble-for-emerging-markets-currencies-the-guardian.md) | +0.2% | +1.5% |
| DXY | 2018-05-08 | [Macroscope \| Emerging market currencies feel the heat as US economy brightens \| South China Morning Post](https://feedsoft.ai/events/65215-macroscope-emerging-market-currencies-feel-the-heat-as-us-economy-brightens.md) | -0.1% | +1.5% |
| DXY | 2022-09-22 | [USD Forex Market: Every Nation for Itself as Dollar Wrecks Global Currencies - Bloomberg](https://feedsoft.ai/events/10322-usd-forex-market-every-nation-for-itself-as-dollar-wrecks-global-currencies.md) | +1.9% | +1.8% |
| DXY | 2021-06-21 | [The rand goes from best-performing to worst-performing emerging market currency - Moneyweb](https://feedsoft.ai/events/46874-the-rand-goes-from-best-performing-to-worst-performing-emerging-market-currency.md) | -1.0% | +0.4% |
| DXY | 2020-01-30 | [US Dollar On A Two-Month High, Asian Currencies Consistently Declining](https://feedsoft.ai/events/55323-us-dollar-on-a-two-month-high-asian-currencies-consistently-declining.md) | +0.3% | +1.4% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/world/no-peace-for-emerging-market-currencies-as-mighty-us-dollar-reigns-poll-8332231.html

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