# Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder

> The dollar was headed for its best week in nearly nine months as the euro and yen failed to recover losses following the Fed's hawkish shift. The dollar index reached a more than two-month high of 92.071.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger dollar against the euro and yen raises the local-currency cost of dollar-priced feed imports in Europe and Asia, which can dampen demand and pressure US export prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-29 | [Dollar rises broadly in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/46810-dollar-rises-broadly-in-europe-business-and-finance-business-recorder.md) | +0.8% | +1.1% |
| DXY | 2021-03-31 | [Dollar rises across the board in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/48313-dollar-rises-across-the-board-in-europe-business-and-finance-business-recorder.md) | -0.9% | -2.0% |
| DXY | 2021-03-06 | [Dollar gains across the board in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/11417-dollar-gains-across-the-board-in-europe-business-and-finance-business-recorder.md) | -0.6% | -0.0% |
| DXY | 2023-05-31 | [Dollar higher - Business & Finance - Business Recorder](https://feedsoft.ai/events/36152-dollar-higher-business-and-finance-business-recorder.md) | -0.5% | -1.0% |
| DXY | 2024-06-22 | [Asian FX muted on robust dollar - Business & Finance - Business Recorder](https://feedsoft.ai/events/30050-asian-fx-muted-on-robust-dollar-business-and-finance-business-recorder.md) | +0.1% | -0.7% |
| EURUSD | 2021-06-29 | [Dollar rises broadly in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/46810-dollar-rises-broadly-in-europe-business-and-finance-business-recorder.md) | -1.0% | -0.9% |
| EURUSD | 2021-03-06 | [Dollar gains across the board in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/11417-dollar-gains-across-the-board-in-europe-business-and-finance-business-recorder.md) | +0.3% | -1.3% |
| EURUSD | 2023-05-31 | [Dollar higher - Business & Finance - Business Recorder](https://feedsoft.ai/events/36152-dollar-higher-business-and-finance-business-recorder.md) | -0.3% | +1.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40101309

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