# Dollar rally sputters as Fed sends mixed signals on inflation - Markets - Business Recorder

> The dollar index hovered below an 11-week high as Fed officials sent conflicting signals on inflation and the timing of stimulus withdrawal. Atlanta Fed President Bostic expected rate hikes in late 2022, and Governor Bowman said price pressures could last longer than expected. The yen slid to a 15-month low of 111.11 per dollar.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46844-dollar-rally-sputters-as-fed-sends-mixed-signals-on-inflation-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Hawkish Fed signals lift the dollar, which tends to weigh on dollar-priced grain and oilseed prices and can make US exports less competitive. Mixed messaging from Fed officials limits the size of the move.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-13 | [Pound extends fall after US inflation data lifts dollar - Markets - Business Recorder](https://feedsoft.ai/events/46308-pound-extends-fall-after-us-inflation-data-lifts-dollar-markets-business.md) | +0.7% | +0.6% |
| DXY | 2022-06-30 | [Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder](https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets.md) | +1.5% | +1.0% |
| DXY | 2022-06-13 | [China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41171-china-s-yuan-slips-to-2-week-low-as-dollar-jumps-on-inflation-data-markets.md) | +1.0% | +2.9% |
| DXY | 2022-02-11 | [Rate hike bets support the dollar amid surging US inflation - Markets - Business Recorder](https://feedsoft.ai/events/42876-rate-hike-bets-support-the-dollar-amid-surging-us-inflation-markets-business.md) | +0.1% | +2.2% |
| DXY | 2022-06-22 | [South African rand slips as traders await Fed chair, inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41265-south-african-rand-slips-as-traders-await-fed-chair-inflation-data-markets.md) | -0.0% | +1.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40102649

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