# Dollar jumps on China growth fears, yen rebounds before BOJ meeting

> The dollar reached a two-year high as growth concerns in China and expectations of aggressive Federal Reserve rate hikes lifted demand for the greenback. The yen rebounded on speculation that Japanese authorities might intervene after hitting a 20-year low.

- Date: 2022-04-26 · published 2022-04-26T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4948-dollar-jumps-on-china-growth-fears-yen-rebounds-before-boj-meeting
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer dollar lowers the dollar value of US grain and oilseed exports, while Chinese lockdown fears point to softer import demand. Yen intervention speculation could ease Japanese import costs.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- USDCNY: bullish ▲
- USDJPY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | 5 | +2.5% | 4.3 | China growth fears and Fed hike expectations lifted the dollar to a two-year high on April 26. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-16 | [Dollar rebounds on high US import prices \| Reuters](https://feedsoft.ai/events/30142-dollar-rebounds-on-high-us-import-prices-reuters.md) | +0.1% | +4.6% |
| CORN | 2023-04-17 | [Dollar rebounds on higher expectations for Fed hike in May \| IBTimes UK](https://feedsoft.ai/events/36609-dollar-rebounds-on-higher-expectations-for-fed-hike-in-may-ibtimes-uk.md) | -1.9% | -3.1% |
| CORN | 2024-04-16 | [USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg](https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg.md) | -0.3% | +3.3% |
| CORN | 2022-05-03 | [Dollar approaches 20-year highs, Fed meeting in focus](https://feedsoft.ai/events/8314-dollar-approaches-20-year-highs-fed-meeting-in-focus.md) | +3.6% | +3.0% |
| CORN | 2022-04-27 | [Dollar hits five-year high, growth concerns dent euro](https://feedsoft.ai/events/7377-dollar-hits-five-year-high-growth-concerns-dent-euro.md) | -6.4% | -1.7% |
| SOY | 2024-05-16 | [Dollar rebounds on high US import prices \| Reuters](https://feedsoft.ai/events/30142-dollar-rebounds-on-high-us-import-prices-reuters.md) | +2.7% | -2.0% |
| SOY | 2023-04-17 | [Dollar rebounds on higher expectations for Fed hike in May \| IBTimes UK](https://feedsoft.ai/events/36609-dollar-rebounds-on-higher-expectations-for-fed-hike-in-may-ibtimes-uk.md) | -1.1% | -4.4% |
| SOY | 2024-04-16 | [USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg](https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg.md) | +0.2% | +4.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/04/26/forex-markers-euro-pound-dollar-china-covid-lockdown-interest-rate.html
- reuters.com: https://www.reuters.com/business/finance/dollar-ascends-china-covid-fears-fed-rate-hike-pace-2022-04-26/

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