# U.S. dollar hits more than 2-year high on aggressive Fed hike outlook

> The dollar rose to a more than two-year high after Federal Reserve comments suggested a half-point rate hike at the next policy meeting and further consecutive hikes this year.

- Date: 2022-04-22 · published 2022-04-22T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/4950-u-s-dollar-hits-more-than-2-year-high-on-aggressive-fed-hike-outlook
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of aggressive US tightening strengthen the dollar, which tends to reduce dollar-denominated commodity prices and make US exports less competitive.

## Read by commodity

- DXY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | 5 | +2.5% | 4.3 | Powell's signal of a 50bp hike and consecutive further hikes lifted the dollar to a 2-year high at the start of the 5-day window (sentiment/rate differential). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-11 | [Forex markets: Dollar hits more than 2-year high against yen](https://feedsoft.ai/events/44794-forex-markets-dollar-hits-more-than-2-year-high-against-yen.md) | -0.5% | -0.7% |
| DXY | 2026-06-24 | [U.S. dollar rises to 13-month high on Fed rate hike views](https://feedsoft.ai/events/11992-u-s-dollar-rises-to-13-month-high-on-fed-rate-hike-views.md) | -0.1% | -0.4% |
| DXY | 2022-04-28 | [Gold hits lowest level in more than 2 months on lofty dollar, imminent U.S. rate hike](https://feedsoft.ai/events/41758-gold-hits-lowest-level-in-more-than-2-months-on-lofty-dollar-imminent-u-s-rate.md) | +0.1% | -0.4% |
| DXY | 2026-06-19 | [Dollar index hits 13-month high on hawkish Fed, shaky Middle East outlook](https://feedsoft.ai/events/11519-dollar-index-hits-13-month-high-on-hawkish-fed-shaky-middle-east-outlook.md) | +0.4% | +0.1% |
| DXY | 2016-12-16 | [Dollar near 14-year highs after Fed tips more rate hikes](https://feedsoft.ai/events/6461-dollar-near-14-year-highs-after-fed-tips-more-rate-hikes.md) | +0.0% | -1.3% |

## Sources

- reuters.com: https://www.reuters.com/business/yen-yuan-suffer-fed-eyes-faster-hikes-2022-04-22/

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