# Dollar near two-week high amid jitters over hawkish Fed, Ukraine

> The euro fell to a one-month low as Russia-West tensions over Ukraine and expectations of aggressive Fed tightening pushed investors into the dollar. The US reportedly put 8,500 troops on alert to deploy to Europe, and NATO reinforced eastern Europe.

- Date: 2022-01-25 · published 2022-01-25T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43324-dollar-near-two-week-high-amid-jitters-over-hawkish-fed-ukraine
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A firmer dollar on rate-hike expectations raises the cost of US feed commodities abroad, while Ukraine tensions add risk premium to Black Sea grain and energy supplies.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-05-22 | [Dollar near six-week high amid Iran war jitters By Reuters](https://feedsoft.ai/events/19467-dollar-near-six-week-high-amid-iran-war-jitters-by-reuters.md) | -0.4% | +1.0% |
| DXY | 2024-12-18 | [Dollar index hits two-year high after Fed delivers rate cut](https://feedsoft.ai/events/26849-dollar-index-hits-two-year-high-after-fed-delivers-rate-cut.md) | +0.7% | +1.5% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| DXY | 2023-05-19 | [Hawkish Fed bets drive dollar higher \| Convera](https://feedsoft.ai/events/36143-hawkish-fed-bets-drive-dollar-higher-convera.md) | +0.6% | -1.4% |
| DXY | 2022-01-26 | [Dollar rises to five-week high after Fed policy decision \| Reuters](https://feedsoft.ai/events/12221-dollar-rises-to-five-week-high-after-fed-policy-decision-reuters.md) | +0.2% | -0.4% |
| EURUSD | 2025-03-21 | [Dollar ends week higher versus euro as traders book gains](https://feedsoft.ai/events/25774-dollar-ends-week-higher-versus-euro-as-traders-book-gains.md) | -0.4% | +4.8% |
| EURUSD | 2026-06-19 | [Dollar index hits 13-month high on hawkish Fed, shaky Middle East outlook](https://feedsoft.ai/events/11519-dollar-index-hits-13-month-high-on-hawkish-fed-shaky-middle-east-outlook.md) | -0.6% | -0.5% |
| EURUSD | 2023-04-01 | [Dollar outshines euro, sterling amid European bank jitters](https://feedsoft.ai/events/37078-dollar-outshines-euro-sterling-amid-european-bank-jitters.md) | +0.4% | +1.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/01/25/forex-markets-us-fed-policy-meeting-expectations-ukraine-tensions.html

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