# Last man standing - lonely Fed tightening spurs dollar surge

> The Fed left rates unchanged at its latest meeting but may raise them by a total of 75 basis points this year. The Fed's target range is 1.50-1.75%, well above the ECB's -0.4% deposit rate and the BoJ's -0.1% short-term rate.

- Date: 2018-05-03 · published 2018-05-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65208-last-man-standing-lonely-fed-tightening-spurs-dollar-surge
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A widening rate gap favors the dollar, which tends to pressure dollar-denominated grain and oilseed prices and makes US exports relatively more expensive. A firmer dollar also weakens the euro and other currencies that buy US feed ingredients.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-01 | [Dollar heads for best week in months as Fed tightening looms](https://feedsoft.ai/events/44797-dollar-heads-for-best-week-in-months-as-fed-tightening-looms.md) | -0.1% | -0.4% |
| DXY | 2021-09-30 | [Dollar near one-year high as Fed tightening in focus \| Reuters](https://feedsoft.ai/events/45253-dollar-near-one-year-high-as-fed-tightening-in-focus-reuters.md) | +0.0% | -1.1% |
| DXY | 2018-08-24 | [The Fed's 'Super Dollar': How Much Longer?](https://feedsoft.ai/events/63694-the-fed-s-super-dollar-how-much-longer.md) | -0.0% | -0.5% |
| DXY | 2022-08-24 | [Dollar's historic surge may be music to Fed's ears: McGeever](https://feedsoft.ai/events/39939-dollar-s-historic-surge-may-be-music-to-fed-s-ears-mcgeever.md) | +0.5% | +2.2% |
| DXY | 2019-02-25 | [Dollar crown intact as central banks emulate Fed tightening pause](https://feedsoft.ai/events/60766-dollar-crown-intact-as-central-banks-emulate-fed-tightening-pause.md) | +0.2% | +0.4% |
| EURUSD | 2021-06-17 | [Dollar Tipped to Remain in Demand Following Fed](https://feedsoft.ai/events/6133-dollar-tipped-to-remain-in-demand-following-fed.md) | -1.4% | -2.6% |
| EURUSD | 2022-08-31 | [‘King dollar’ surges as Fed presses ahead with rate rises](https://feedsoft.ai/events/40216-king-dollar-surges-as-fed-presses-ahead-with-rate-rises.md) | -0.8% | -3.4% |
| EURUSD | 2022-10-05 | [Dollar gains as investors see Fed stance likely unchanged; euro, sterling fall](https://feedsoft.ai/events/9335-dollar-gains-as-investors-see-fed-stance-likely-unchanged-euro-sterling-fall.md) | -2.9% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/article/us-markets-dollar-analysis/last-man-standing-lonely-fed-tightening-spurs-dollar-surge-idUSKBN1I41RF/

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