# Commentary: Dollar surge, EM turmoil echo Greenspan's 1998 'oasis of prosperity' warning

> A Reuters commentary compares the current dollar surge and emerging-market turmoil with the 1998 Greenspan warning. It attributes the stress to tighter global financial conditions from rising US rates and a stronger dollar.

- Date: 2018-08-15 · published 2018-08-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/63697-commentary-dollar-surge-em-turmoil-echo-greenspan-s-1998-oasis-of-prosperity
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A persistently strong dollar and EM stress tend to depress dollar-denominated commodity prices and reduce importer demand for feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-21 | [Commodity Prices Dip As Dollar Surges \| OilPrice.com](https://feedsoft.ai/events/46491-commodity-prices-dip-as-dollar-surges-oilprice-com.md) | -1.0% | +0.4% |
| DXY | 2026-03-01 | [COMMENTARY: Specter of Warsh Fed sparks precious metals 'debasement' crash](https://feedsoft.ai/events/20507-commentary-specter-of-warsh-fed-sparks-precious-metals-debasement-crash.md) | +1.4% | +2.6% |
| DXY | 2016-12-22 | [Euro-Dollar Parity: It’s All About the Greenback](https://feedsoft.ai/events/73662-euro-dollar-parity-it-s-all-about-the-greenback.md) | +0.1% | -1.3% |
| DXY | 2022-11-14 | [Dollar Rises Against Euro and Yen Following Fed Commentary](https://feedsoft.ai/events/38896-dollar-rises-against-euro-and-yen-following-fed-commentary.md) | -0.7% | -1.6% |
| DXY | 2022-05-17 | [Surging greenback could help press pause on dollar-denominated commodities - McKeany-Flavell](https://feedsoft.ai/events/41312-surging-greenback-could-help-press-pause-on-dollar-denominated-commodities.md) | -1.6% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-markets-dollar/commentary-dollar-surge-em-turmoil-echo-greenspans-1998-oasis-of-prosperity-warning-idUKKBN1L01FU/

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