# Dollar index hits roughly one-year high a week after Fed policy update - MarketWatch

> The dollar index reached roughly a one-year high of 94.28 on Wednesday, about a week after the Federal Reserve's September 22 policy update. Traders attributed the move to expectations of earlier tapering of bond purchases and possible rate hikes in 2022.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/45254-dollar-index-hits-roughly-one-year-high-a-week-after-fed-policy-update
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar on higher US rate expectations tends to pressure dollar-denominated grain and feed prices and weakens export competitiveness.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-11-14 | [Dollar index hits 2-year high amid 'Trump trade' bets - MarketWatch](https://feedsoft.ai/events/11855-dollar-index-hits-2-year-high-amid-trump-trade-bets-marketwatch.md) | -0.1% | -0.0% |
| DXY | 2023-07-01 | [Dollar index hits two-week high after data; yen remains soft](https://feedsoft.ai/events/35681-dollar-index-hits-two-week-high-after-data-yen-remains-soft.md) | -0.3% | -1.3% |
| 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% |
| DXY | 2021-03-01 | [Dollar index hits 3-week high on US growth hopes](https://feedsoft.ai/events/10062-dollar-index-hits-3-week-high-on-us-growth-hopes.md) | +0.8% | +0.8% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/dollar-index-hits-roughly-one-year-high-a-week-after-fed-policy-update-11632931231

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