# High Demand for Dollars in Currency Derivatives Markets

> Spreads on three-month dollar swaps widened to their largest since late December 2020 as demand for dollars rose ahead of year-end. The dollar index reached its highest level since last November, boosted by expectations of Fed rate hikes.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45258-high-demand-for-dollars-in-currency-derivatives-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger dollar funding demand and a firmer dollar index tend to weigh on dollar-priced commodities and can slow overseas purchases.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-24 | [Surging dollar awakens volatility in currency markets](https://feedsoft.ai/events/11257-surging-dollar-awakens-volatility-in-currency-markets.md) | -0.1% | -0.2% |
| DXY | 2019-04-30 | [Rupiah falls on high demand for dollars - ANTARA News](https://feedsoft.ai/events/59873-rupiah-falls-on-high-demand-for-dollars-antara-news.md) | -0.1% | +0.7% |
| DXY | 2022-05-20 | [Dollar Vs. Euro: Eurozone's Falling Currency Risks Stoking Inflation - Markets Insider](https://feedsoft.ai/events/41615-dollar-vs-euro-eurozone-s-falling-currency-risks-stoking-inflation-markets.md) | -0.6% | +1.5% |
| DXY | 2021-11-17 | [FOREX-Rate bets rule currency markets as dollar shines; euro, Aussie sag \| Business](https://feedsoft.ai/events/11955-forex-rate-bets-rule-currency-markets-as-dollar-shines-euro-aussie-sag-business.md) | +0.8% | +1.1% |
| DXY | 2018-11-12 | [Forex market: Fed, Brexit and dollar in focus](https://feedsoft.ai/events/62251-forex-market-fed-brexit-and-dollar-in-focus.md) | -0.4% | -0.2% |

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/dollar-swaps-widen-in-sign-of-rising-demand-as-q4-nears/

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