# Dollar strengthens on Bullard rate comments, Ukraine concerns

> The dollar index hit a two-week high on Monday as St. Louis Fed President Bullard called for faster rate hikes after a strong US jobs report. Investors also moved to safe havens amid Russia-Ukraine tensions.

- Date: 2022-02-14 · published 2022-02-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/42875-dollar-strengthens-on-bullard-rate-comments-ukraine-concerns
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A firmer dollar on rate-hike expectations and risk aversion tends to pressure dollar-denominated commodity prices, while Ukraine tensions add upside risk for grains and oilseeds.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2020-09-23 | [Dollar Strengthens; Helped by Housing Data and Fed Comments](https://feedsoft.ai/events/7700-dollar-strengthens-helped-by-housing-data-and-fed-comments.md) | +0.8% | -1.4% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| DXY | 2026-06-30 | [United States Dollar Index strengthens above 101.00 on Fed rate hike bets](https://feedsoft.ai/events/19015-united-states-dollar-index-strengthens-above-101-00-on-fed-rate-hike-bets.md) | -0.1% | -0.3% |
| WHEAT | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | -0.5% | -4.7% |
| WHEAT | 2022-01-25 | [Dollar near two-week high amid jitters over hawkish Fed, Ukraine](https://feedsoft.ai/events/43324-dollar-near-two-week-high-amid-jitters-over-hawkish-fed-ukraine.md) | -2.1% | -0.8% |
| WHEAT | 2017-05-22 | [Commodities Relief Rally As U.S. Dollar Breaks Down - InvestingHaven](https://feedsoft.ai/events/10222-commodities-relief-rally-as-u-s-dollar-breaks-down-investinghaven.md) | +2.9% | +2.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/02/14/forex-markets-ukraine-tension-euro-dollar.html

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