# GLOBAL MARKETS-Dollar's advance puts squeeze on gold, commodities By Reuters

> Asian shares were mostly firmer on July 18 as a hawkish outlook from Fed Chairman Powell lifted the dollar, sending gold to a one-year low. The yen weakened, lifting Tokyo shares, while the pound fell amid UK political turmoil.

- Date: 2018-07-18 · published 2018-07-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/63943-global-markets-dollar-s-advance-puts-squeeze-on-gold-commodities-by-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger dollar and firmer rate expectations pressure dollar-denominated commodities and raise the cost of imported feed inputs for non-US buyers, while the yen and yuan moves affect export competitiveness.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-02 | [Slump in commodities rattles global markets \| Reuters](https://feedsoft.ai/events/20505-slump-in-commodities-rattles-global-markets-reuters.md) | +0.3% | +0.7% |
| DXY | 2026-02-19 | [Dollar advances after data implies stable labor market \| Reuters](https://feedsoft.ai/events/20506-dollar-advances-after-data-implies-stable-labor-market-reuters.md) | -0.1% | +1.8% |
| DXY | 2021-02-26 | [GLOBAL MARKETS-Stocks try to recover from bond whiplash, dollar gains By Reuters](https://feedsoft.ai/events/10601-global-markets-stocks-try-to-recover-from-bond-whiplash-dollar-gains-by-reuters.md) | +0.7% | +1.9% |
| DXY | 2022-04-22 | [Pumped-up dollar compounding global liquidity squeeze](https://feedsoft.ai/events/41760-pumped-up-dollar-compounding-global-liquidity-squeeze.md) | +2.5% | +2.0% |
| DXY | 2021-02-26 | [Stock markets roiled by global bond whiplash \| Reuters](https://feedsoft.ai/events/9588-stock-markets-roiled-by-global-bond-whiplash-reuters.md) | +0.7% | +1.9% |
| USDCNY | 2022-11-17 | [Commodities slump as dollar rebounds](https://feedsoft.ai/events/38596-commodities-slump-as-dollar-rebounds.md) | +0.9% | -1.8% |
| USDCNY | 2022-01-27 | [Dollar jumps as markets brace for larger, faster rate hikes \| Reuters](https://feedsoft.ai/events/6268-dollar-jumps-as-markets-brace-for-larger-faster-rate-hikes-reuters.md) | +0.6% | +0.1% |
| USDCNY | 2021-02-22 | [Yuan eases on dollar demand, capital outflow concerns - Markets - Business Recorder](https://feedsoft.ai/events/48866-yuan-eases-on-dollar-demand-capital-outflow-concerns-markets-business-recorder.md) | +0.3% | +0.8% |

## Sources

- za.investing.com: https://za.investing.com/news/stock-market-news/global-marketsdollars-advance-puts-squeeze-on-gold-commodities-1225312

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