# ‘Great Unwinding’ lifts the dollar

> The dollar rose to a two-month high against the yen after the Fed signaled another 2017 hike and the start of balance-sheet reduction. Bonds and commodities fell while European bank stocks rose, and the euro dropped to about $1.1890.

- Date: 2017-09-22 · published 2017-09-22T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68881-great-unwinding-lifts-the-dollar
- 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 and rising US yields put downward pressure on dollar-priced commodities, and a firmer dollar makes foreign import purchases more expensive for buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-27 | [And The U.S. Dollar?](https://feedsoft.ai/events/65691-and-the-u-s-dollar.md) | +0.7% | +1.9% |
| DXY | 2026-03-13 | [Yuan Holds Up As Risk-Off Lifts The Dollar - Finimize](https://feedsoft.ai/events/11471-yuan-holds-up-as-risk-off-lifts-the-dollar-finimize.md) | +0.3% | -0.8% |
| DXY | 2026-01-29 | [GBP/USD slides below 1.3780 as Fed hold lifts the Dollar](https://feedsoft.ai/events/21301-gbp-usd-slides-below-1-3780-as-fed-hold-lifts-the-dollar.md) | +0.6% | +0.3% |
| DXY | 2024-04-17 | [FX Daily: The big unwinding \| articles \| ING THINK](https://feedsoft.ai/events/30940-fx-daily-the-big-unwinding-articles-ing-think.md) | -0.3% | -1.0% |
| DXY | 2020-03-17 | [COVID-19 and the US dollar](https://feedsoft.ai/events/54308-covid-19-and-the-us-dollar.md) | +4.3% | +1.3% |
| EURUSD | 2024-04-23 | [Where king dollar is causing pain the most](https://feedsoft.ai/events/30983-where-king-dollar-is-causing-pain-the-most.md) | +0.6% | +1.9% |
| EURUSD | 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) | +0.6% | +3.1% |
| EURUSD | 2022-04-28 | [FX Daily: Dollar boom \| ING THINK](https://feedsoft.ai/events/7376-fx-daily-dollar-boom-ing-think.md) | -0.1% | +1.0% |

## Sources

- timesofmalta.com: https://timesofmalta.com/article/Great-Unwinding-lifts-the-dollar.658560

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