# Dollar index jumps to two-decade high as traders await Fed rate move | Reuters

> The US dollar index climbed to a two-decade high as traders awaited a Federal Reserve rate decision. Expectations grew that the Fed would raise rates by more than forecast, and the S&P 500 fell toward a bear market amid fears about the economic outlook.

- Date: 2022-06-14 · published 2022-06-14T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7709-dollar-index-jumps-to-two-decade-high-as-traders-await-fed-rate-move-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US-priced commodities more expensive for foreign buyers, which tends to pressure grain, oilseed and meal prices. Tighter Fed policy also raises financing costs for feed and livestock operations.

## Read by commodity

- DXY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-06-15 | 5 | +2.7% | 4.1 | The dollar index hit a two-decade high on June 14 as expectations of a larger Fed hike and falling equities drove safe-haven and rate-driven demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-21 | [U.S. dollar soars to two-decade high as Fed flags more large hikes \| Reuters](https://feedsoft.ai/events/8605-u-s-dollar-soars-to-two-decade-high-as-fed-flags-more-large-hikes-reuters.md) | +2.6% | +2.6% |
| DXY | 2024-12-18 | [Dollar index hits two-year high after Fed delivers rate cut](https://feedsoft.ai/events/26849-dollar-index-hits-two-year-high-after-fed-delivers-rate-cut.md) | +0.7% | +1.5% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |
| DXY | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | +1.4% | +1.4% |
| DXY | 2022-08-02 | [Dollar jumps vs yen as Fed officials hint more rate hikes coming \| Reuters](https://feedsoft.ai/events/40270-dollar-jumps-vs-yen-as-fed-officials-hint-more-rate-hikes-coming-reuters.md) | +0.4% | +1.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/dollar-towers-traders-brace-hawkish-fed-2022-06-14/

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