# Dollar rises on hawkish comments; stocks end up

> The U.S. dollar extended gains on Tuesday after Chicago Fed President Charles Evans made hawkish remarks, floating the prospect of rate hikes. Stocks still finished higher, helped by Amazon, despite COVID-19 restriction worries.

- Date: 2020-09-22 · published 2020-09-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/7693-dollar-rises-on-hawkish-comments-stocks-end-up
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of earlier Fed tightening strengthen the dollar, which typically weighs on dollar-priced commodities and makes US feed exports less competitive.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-27 | [Dollar rise drags copper lower on hawkish U.S. Fed comments \| Financial Post](https://feedsoft.ai/events/43047-dollar-rise-drags-copper-lower-on-hawkish-u-s-fed-comments-financial-post.md) | +0.1% | +0.7% |
| DXY | 2022-11-17 | [Dollar rises with bets on hawkish Fed; sterling drops \| Reuters](https://feedsoft.ai/events/38594-dollar-rises-with-bets-on-hawkish-fed-sterling-drops-reuters.md) | +0.4% | -0.6% |
| DXY | 2020-09-22 | [Dollar rises after Fed's Evans comments on quantitative easing](https://feedsoft.ai/events/7696-dollar-rises-after-fed-s-evans-comments-on-quantitative-easing.md) | +1.1% | -1.0% |
| DXY | 2024-06-25 | [US dollar advances after hawkish Fed comment, economic data \| Reuters](https://feedsoft.ai/events/29634-us-dollar-advances-after-hawkish-fed-comment-economic-data-reuters.md) | +0.6% | -0.3% |
| DXY | 2017-02-15 | [Dollar and treasury yields rise on hawkish Yellen speech](https://feedsoft.ai/events/72684-dollar-and-treasury-yields-rise-on-hawkish-yellen-speech.md) | -0.2% | -0.0% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-markets/stocks-down-on-fresh-lockdown-worries-banking-sell-off-dollar-rises-idINKCN26D01O/?edition-redirect=in

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