# Soaring Dollar Is ‘Only Safe Haven Left’ After Hot US Inflation - Bloomberg

> A key gauge of the dollar rose 0.8% on Friday, heading for its biggest weekly gain in five weeks, after US consumer prices rose 8.6% year over year, above estimates. Strategists described the dollar as the only remaining safe haven.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7710-soaring-dollar-is-only-safe-haven-left-after-hot-us-inflation-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hot US inflation raised expectations of more aggressive Fed tightening, lifting the dollar and weighing on dollar-denominated commodity prices. Higher rates also increase the carrying cost of feed inventories.

## 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 | Hot US CPI (8.6% y/y) on June 10 sparked a jump in the dollar as traders priced a more aggressive Fed and sought a safe haven, starting the 5-day rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-10 | [U.S. Dollar ETFs Rally After Red-Hot Inflation Reading \| ETF Trends](https://feedsoft.ai/events/7714-u-s-dollar-etfs-rally-after-red-hot-inflation-reading-etf-trends.md) | +1.5% | +3.7% |
| DXY | 2022-09-13 | [Latam FX slump as hot U.S. inflation sends dollar soaring \| Financial Post](https://feedsoft.ai/events/39796-latam-fx-slump-as-hot-u-s-inflation-sends-dollar-soaring-financial-post.md) | +1.4% | +3.5% |
| DXY | 2026-03-27 | [Dollar’s Surprise Gain Confounds Forecasters, Risks Adding to Inflation - Bloomberg](https://feedsoft.ai/events/20348-dollar-s-surprise-gain-confounds-forecasters-risks-adding-to-inflation-bloomberg.md) | +0.1% | -1.4% |
| DXY | 2026-09-14 | [Copper Slips as Inflation Data Raises Bets on Fed Hiking Rates - Bloomberg](https://feedsoft.ai/events/17392-copper-slips-as-inflation-data-raises-bets-on-fed-hiking-rates-bloomberg.md) | +1.1% | +2.9% |
| DXY | 2016-11-17 | [A Primer on the Dollar's Surge - Bloomberg](https://feedsoft.ai/events/8326-a-primer-on-the-dollar-s-surge-bloomberg.md) | +1.1% | +1.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-06-10/soaring-dollar-is-only-safe-haven-left-after-hot-us-inflation

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