# Dollar at 2021 highs as traders brace for Fed taper

> The dollar hit its strongest level of 2021, with the dollar index at an 11-month high of 93.891 and the euro falling to its lowest since November 2020. The yen touched an 18-month low near 111.69 per dollar, and sterling fell to its lowest since January amid an energy supply squeeze.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45259-dollar-at-2021-highs-as-traders-brace-for-fed-taper
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar on expected Fed tightening tends to pressure dollar-priced grain and oilseed prices and can reduce foreign buying of US feed commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-05-27 | [Dollar firms as traders brace for U.S. inflation gauge \| Financial Post](https://feedsoft.ai/events/47285-dollar-firms-as-traders-brace-for-u-s-inflation-gauge-financial-post.md) | +0.3% | +1.3% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |
| DXY | 2024-06-26 | [Dollar Soars to Fresh 2024 High as Fed Diverges From Major Peers](https://feedsoft.ai/events/29963-dollar-soars-to-fresh-2024-high-as-fed-diverges-from-major-peers.md) | +0.3% | -0.3% |
| DXY | 2025-03-21 | [Dollar ends week higher versus euro as traders book gains](https://feedsoft.ai/events/25774-dollar-ends-week-higher-versus-euro-as-traders-book-gains.md) | +0.3% | -2.3% |
| DXY | 2022-01-27 | [Dollar jumps as markets brace for larger, faster rate hikes \| Reuters](https://feedsoft.ai/events/6268-dollar-jumps-as-markets-brace-for-larger-faster-rate-hikes-reuters.md) | +0.1% | +0.7% |

## Sources

- sharjah24.ae: https://sharjah24.ae/en/Articles/2021/09/29/Dollar-at-2021-highs-as-traders-brace-for-Fed-taper

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