◂ Event Timeline

Sep 30, 2021MACROGlobal

Dollar near one-year high as Fed tightening in focus

The dollar traded near a one-year high as traders priced in Fed tightening. Sterling stayed close to a nine-month low around $1.3436, and the Australian dollar rose to about $0.7186 after dipping to its lowest since late August.

WHY IT MATTERS

A firmer dollar makes US commodities more expensive for overseas buyers, which tends to weigh on grain and oilseed export demand and prices.

AFFECTSUS Dollar (Broad)▲

SOURCE
reuters.comKevin BucklandSep 30, 2021

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d -0.1%5d +0.0%20d -1.1%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

May 3, 2022Dollar approaches 20-year highs, Fed meeting in focus+0.5%
May 22, 2023Dollar gains against yen as Fed policy and debt ceiling in focus - Reuters+0.7%
Oct 1, 2021Dollar heads for best week in months as Fed tightening looms-0.1%
Jun 17, 2026Dollar jumps as Fed holds rates but projects one hike later this year | Reuters+1.8%
Apr 22, 2022Dollar's rally may be nearing 'tipping point' as Fed readies big hikes | Reuters+2.5%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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