# Dollar demand rises via FX swaps as year-end rush eyed | Reuters

> Dollar funding costs in currency derivatives rose to their highest in nearly a year on Monday. Three-month euro-dollar cross-currency basis swaps widened to around minus 27 basis points, the widest since December 2020. The move reflects a year-end dollar funding rush and the euro's steady decline against the greenback.

- Date: 2021-11-22 · published 2021-11-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44249-dollar-demand-rises-via-fx-swaps-as-year-end-rush-eyed-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tighter dollar funding and a firmer dollar tend to weigh on dollar-denominated commodity prices and can pressure import demand in emerging markets. For feed buyers, a stronger dollar lowers the local-currency cost of US feed ingredients for some buyers but tightens financing for others.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-14 | [Latam FX falls as dollar rises, Peru's sol bucks trend \| Reuters](https://feedsoft.ai/events/36693-latam-fx-falls-as-dollar-rises-peru-s-sol-bucks-trend-reuters.md) | +0.6% | +0.5% |
| DXY | 2022-04-25 | [U.S. dollar rises to two-year high; yuan tumbles \| Reuters](https://feedsoft.ai/events/4945-u-s-dollar-rises-to-two-year-high-yuan-tumbles-reuters.md) | +1.2% | +1.1% |
| DXY | 2025-03-20 | [Dollar rises as Fed sees no rush to cut rates](https://feedsoft.ai/events/25773-dollar-rises-as-fed-sees-no-rush-to-cut-rates.md) | +0.3% | -2.0% |
| DXY | 2022-08-29 | [Dollar eases off of 20-year high as euro boosted by rates view \| Reuters](https://feedsoft.ai/events/40214-dollar-eases-off-of-20-year-high-as-euro-boosted-by-rates-view-reuters.md) | +0.6% | +4.4% |
| DXY | 2017-11-01 | [Dollar rises on strong U.S. data, Fed signals \| Reuters](https://feedsoft.ai/events/68151-dollar-rises-on-strong-u-s-data-fed-signals-reuters.md) | +0.1% | -1.2% |
| EURUSD | 2022-07-20 | [Dollar rises vs euro as traders eye ECB rate decision](https://feedsoft.ai/events/40712-dollar-rises-vs-euro-as-traders-eye-ecb-rate-decision.md) | -1.2% | -0.6% |
| EURUSD | 2020-03-19 | [FOREX-Euro plunges to three-year lows as dollar demand jumps](https://feedsoft.ai/events/6270-forex-euro-plunges-to-three-year-lows-as-dollar-demand-jumps.md) | +0.0% | +0.7% |
| EURUSD | 2025-11-03 | [Dollar edges up as rate cut outlook remains clouded \| Reuters](https://feedsoft.ai/events/22150-dollar-edges-up-as-rate-cut-outlook-remains-clouded-reuters.md) | +0.3% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/funds/dollar-demand-rises-via-fx-swaps-year-end-rush-eyed-2021-11-22/

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