# Dollar benefits from Powell's optimism, hits 6-month peak vs yen | Amwal Al Ghad

> The dollar rose across the board on Wednesday, reaching a six-month high against the yen after Fed Chairman Powell gave an upbeat US economic outlook and signaled steady rate hikes. The euro dipped to $1.1653.

- Date: 2018-07-18 · published 2018-07-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/64227-dollar-benefits-from-powell-s-optimism-hits-6-month-peak-vs-yen-amwal-al-ghad
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Firmer dollar on Fed hike expectations weighs on dollar-priced commodities and strengthens import currencies' purchasing cost, a modest bearish signal for feed prices.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-05-31 | [Dollar near 2-month high vs yen, U.S. inflation beats expectations \| Financial Post](https://feedsoft.ai/events/47351-dollar-near-2-month-high-vs-yen-u-s-inflation-beats-expectations-financial-post.md) | -0.2% | +1.1% |
| DXY | 2017-04-29 | [Euro jumps on European inflation data, dollar climbs vs. yen \| Amwal Al Ghad](https://feedsoft.ai/events/71691-euro-jumps-on-european-inflation-data-dollar-climbs-vs-yen-amwal-al-ghad.md) | -0.0% | -1.1% |
| DXY | 2023-03-08 | [Powell pushes dollar to three-month high](https://feedsoft.ai/events/37123-powell-pushes-dollar-to-three-month-high.md) | -0.4% | -1.9% |
| DXY | 2024-05-30 | [Yuan Hits Six-Month Low Amid Dollar Surge - Finimize](https://feedsoft.ai/events/30493-yuan-hits-six-month-low-amid-dollar-surge-finimize.md) | +0.3% | +1.8% |
| DXY | 2021-02-26 | [Dollar firms after U.S. yield spike, hits six-month high versus yen \| Reuters](https://feedsoft.ai/events/10595-dollar-firms-after-u-s-yield-spike-hits-six-month-high-versus-yen-reuters.md) | +0.7% | +1.9% |

## Sources

- en.amwalalghad.com: https://en.amwalalghad.com/dollar-benefits-from-powells-optimism-hits-6-month-peak-vs-yen/

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