# USD benefits from safe haven flows - OFX (US)

> The US dollar is benefiting from safe-haven flows as the ECB signals no significant tightening while the Federal Reserve moves toward tightening. The policy divergence between the two central banks is expected to weigh on the euro.

- Date: 2022-03-23 · published 2022-03-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42443-usd-benefits-from-safe-haven-flows-ofx-us
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar lowers US feed commodity export competitiveness and makes dollar-priced grains and meals less attractive abroad.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-17 | [FX: Mideast tensions make USD the go-to safe haven \| articles \| ING THINK](https://feedsoft.ai/events/57305-fx-mideast-tensions-make-usd-the-go-to-safe-haven-articles-ing-think.md) | +0.2% | -0.2% |
| DXY | 2023-09-27 | [Won plummets as investors flock to safe-haven dollar](https://feedsoft.ai/events/34360-won-plummets-as-investors-flock-to-safe-haven-dollar.md) | +1.1% | +1.1% |
| DXY | 2018-07-18 | [Dollar benefits from Powell's optimism, hits 6-month peak vs yen \| Amwal Al Ghad](https://feedsoft.ai/events/64227-dollar-benefits-from-powell-s-optimism-hits-6-month-peak-vs-yen-amwal-al-ghad.md) | +0.0% | +1.3% |
| DXY | 2022-04-28 | [AUD/USD plunges to near 0.7080, safe-haven appeal improves — Octa](https://feedsoft.ai/events/42093-aud-usd-plunges-to-near-0-7080-safe-haven-appeal-improves-octa.md) | +0.1% | -0.4% |
| DXY | 2026-06-23 | [Dollar climbs to 13-month high on Fed hike bets, safe-haven bid \| Reuters](https://feedsoft.ai/events/11987-dollar-climbs-to-13-month-high-on-fed-hike-bets-safe-haven-bid-reuters.md) | +0.3% | +0.0% |
| EURUSD | 2019-02-15 | [EUR/USD falls below 1.1250 on comments from Coeure](https://feedsoft.ai/events/60824-eur-usd-falls-below-1-1250-on-comments-from-coeure.md) | +0.5% | +0.5% |
| EURUSD | 2016-06-21 | [EUR/USD down on Draghi, Brexit and no help from Yellen](https://feedsoft.ai/events/6959-eur-usd-down-on-draghi-brexit-and-no-help-from-yellen.md) | -2.6% | -2.7% |
| EURUSD | 2022-07-12 | [Euro bounces from brink of parity with US dollar](https://feedsoft.ai/events/40714-euro-bounces-from-brink-of-parity-with-us-dollar.md) | +0.7% | +1.2% |

## Sources

- ofx.com: https://www.ofx.com/en-us/forex-news/daily-and-weekly-market-news/2022/03/23/usd-benefits-from-safe-haven-flows/

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