# Why traders sell dollars after Fed vowed to aggressively hike rates? - CGTN

> Despite the Fed's hawkish March meeting, which projected six more hikes this year, the dollar failed to rise. Analyst Jimmy Zhu argues a more aggressive Fed could push the dollar lower further.

- Date: 2022-03-18 · published 2022-03-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42439-why-traders-sell-dollars-after-fed-vowed-to-aggressively-hike-rates-cgtn
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A weaker dollar tends to support dollar-priced commodities and improves import demand from emerging markets, which can lift feed ingredient prices.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-20 | [Dollar Traders See the Fed's Next Rate Hike as a Big Sell Signal - Bloomberg](https://feedsoft.ai/events/63241-dollar-traders-see-the-fed-s-next-rate-hike-as-a-big-sell-signal-bloomberg.md) | +0.0% | +1.0% |
| DXY | 2023-03-13 | [Dollar slides as Fed rate hike outlook tumbles after SVB collapse](https://feedsoft.ai/events/37051-dollar-slides-as-fed-rate-hike-outlook-tumbles-after-svb-collapse.md) | +0.3% | -1.6% |
| DXY | 2017-08-18 | [Quick Hits: Weaker Dollar May Make Fed Rate Rises More Aggressive Over Time - WSJ](https://feedsoft.ai/events/69638-quick-hits-weaker-dollar-may-make-fed-rate-rises-more-aggressive-over-time-wsj.md) | -0.4% | -1.7% |
| DXY | 2022-05-28 | [Dollar heads for weekly drop as traders pare Fed rate hike views - Business & Finance - Business Recorder](https://feedsoft.ai/events/41616-dollar-heads-for-weekly-drop-as-traders-pare-fed-rate-hike-views-business-and.md) | +0.0% | +2.0% |
| DXY | 2023-03-22 | [Dollar falls after Fed raises rates, indicates one more hike ahead](https://feedsoft.ai/events/36777-dollar-falls-after-fed-raises-rates-indicates-one-more-hike-ahead.md) | -1.0% | -1.5% |
| CORN | 2023-03-13 | [Dollar slides as Fed rate hike outlook tumbles after SVB collapse](https://feedsoft.ai/events/37051-dollar-slides-as-fed-rate-hike-outlook-tumbles-after-svb-collapse.md) | +0.8% | +0.8% |
| CORN | 2019-12-11 | [Dollar slips to 4-month low as Fed holds rates, nixes hike hopes](https://feedsoft.ai/events/55754-dollar-slips-to-4-month-low-as-fed-holds-rates-nixes-hike-hopes.md) | +5.1% | +4.1% |
| CORN | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.2% | -0.3% |

## Sources

- news.cgtn.com: https://news.cgtn.com/news/2022-03-18/Why-traders-sell-dollars-after-Fed-vowed-to-aggressively-hike-rates--18v4PT7tsK4/index.html

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