# Global Market Insights: Markets, currencies react to central banks’ signals; TSX earnings rise seen | article

> A Scotiabank market briefing said the U.S. dollar rose to its strongest level since June 2020 on the DXY index after a hawkish Fed signaled a March hike. The euro, yen and Swiss franc were the weakest G10 currencies because their central banks remain ultra-accommodative. U.S. Treasury yields rose and the S&P 500 fell.

- Date: 2022-01-28 · published 2022-01-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/43393-global-market-insights-markets-currencies-react-to-central-banks-signals-tsx
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A strong dollar and rising U.S. yields tighten global financing conditions and usually pressure dollar-denominated commodity prices. Buyers in currencies that weakened face higher import costs for feed ingredients.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-30 | [Hawkish central banks keep currencies afloat - Markets - Business Recorder](https://feedsoft.ai/events/45335-hawkish-central-banks-keep-currencies-afloat-markets-business-recorder.md) | +0.0% | -1.1% |
| DXY | 2023-09-21 | [Stocks fall, yields rise as central banks rattle markets](https://feedsoft.ai/events/34308-stocks-fall-yields-rise-as-central-banks-rattle-markets.md) | +1.7% | +2.3% |
| DXY | 2021-11-28 | [The Dollar Moves Back to the Fulcrum between the Funding and Higher Beta Currencies - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/11258-the-dollar-moves-back-to-the-fulcrum-between-the-funding-and-higher-beta.md) | -0.2% | -0.9% |
| DXY | 2021-10-12 | [Money markets ramp up global rate hike bets, add pressure on central banks \| Reuters](https://feedsoft.ai/events/44808-money-markets-ramp-up-global-rate-hike-bets-add-pressure-on-central-banks.md) | -0.5% | -0.7% |
| DXY | 2021-07-28 | [Markets tire of anti-greenback bet as central banks diverge - The Globe and Mail](https://feedsoft.ai/events/46294-markets-tire-of-anti-greenback-bet-as-central-banks-diverge-the-globe-and-mail.md) | -0.4% | +0.4% |
| EURUSD | 2017-06-28 | [ECB says markets over-reacted to Draghi’s stimulus signals – The Irish Times](https://feedsoft.ai/events/70717-ecb-says-markets-over-reacted-to-draghi-s-stimulus-signals-the-irish-times.md) | +0.3% | +2.9% |
| EURUSD | 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) | -2.0% | -0.6% |
| EURUSD | 2025-01-24 | [Bond Market Selloff and Trump Concerns \| Global Banking & Finance Review](https://feedsoft.ai/events/12679-bond-market-selloff-and-trump-concerns-global-banking-and-finance-review.md) | 0.0% | +0.3% |

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/commercial-banking/knowledge-centre/article.economy.global-market-insights-markets-currencies.html

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