# As Fed wakes sleeping dollar, jolted bears may bolster gains

> The dollar rose to its highest level in months after a hawkish shift in the Federal Reserve's June 2021 statement, with its biggest two-day gain against major currencies in 15 months. Bears who had positioned against the dollar were forced to unwind trades.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/5928-as-fed-wakes-sleeping-dollar-jolted-bears-may-bolster-gains
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger dollar makes US-priced feed ingredients more expensive for importers and tends to pressure dollar-denominated grain and meal prices, while supporting demand for US-dollar yield.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-22 | [Dollar's rally may be nearing 'tipping point' as Fed readies big hikes \| Reuters](https://feedsoft.ai/events/42032-dollar-s-rally-may-be-nearing-tipping-point-as-fed-readies-big-hikes-reuters.md) | +2.5% | +2.0% |
| DXY | 2026-02-01 | [US dollar gains as Warsh named next Fed Chair](https://feedsoft.ai/events/21240-us-dollar-gains-as-warsh-named-next-fed-chair.md) | +0.3% | +0.7% |
| DXY | 2018-10-17 | [edges lower as dollar gains after hawkish Fed minutes](https://feedsoft.ai/events/62444-edges-lower-as-dollar-gains-after-hawkish-fed-minutes.md) | +1.1% | +2.3% |
| DXY | 2020-08-19 | [Dollar gains but Wall Street retreats as Fed nixes dovish measure](https://feedsoft.ai/events/51531-dollar-gains-but-wall-street-retreats-as-fed-nixes-dovish-measure.md) | +0.2% | -1.0% |
| DXY | 2023-07-31 | [Dollar gains after Fed loan survey, yen slips By Reuters](https://feedsoft.ai/events/35219-dollar-gains-after-fed-loan-survey-yen-slips-by-reuters.md) | +0.9% | +2.3% |
| CORN | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.4% | +4.0% |
| CORN | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | -2.5% | -0.4% |
| CORN | 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) | -3.3% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/business/fed-wakes-sleeping-dollar-jolted-bears-may-bolster-gains-2021-06-17/

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