# FX Daily: All in on 75bp bets

> Markets were fully pricing a 75 basis point Fed rate hike for the next day, with some probability of a 100 basis point move. The dollar had gained between 2.1% and 4.7% against G10 currencies over the past week as equities entered a bear market.

- Date: 2022-06-14 · published 2022-06-14T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7712-fx-daily-all-in-on-75bp-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A larger expected Fed hike reinforces dollar strength and risk-off sentiment, which typically weighs on dollar-denominated commodity prices. Investors are pricing a tighter monetary backdrop.

## 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 | Markets fully priced a 75bp Fed hike with some chance of 100bp, and the dollar gained 2.1-4.7% against G10 currencies in a week as equities entered a bear market. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | [FX Daily: Dollar boom \| ING THINK](https://feedsoft.ai/events/7376-fx-daily-dollar-boom-ing-think.md) | +0.1% | -0.4% |
| DXY | 2020-03-13 | [FX daily: Dislocation, dislocation, dislocation \| articles \| ING THINK](https://feedsoft.ai/events/6276-fx-daily-dislocation-dislocation-dislocation-articles-ing-think.md) | +3.8% | +1.6% |
| DXY | 2024-02-05 | [FX Daily: Flip Flop \| articles \| ING THINK](https://feedsoft.ai/events/31892-fx-daily-flip-flop-articles-ing-think.md) | +0.1% | -0.0% |
| 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 | 2021-02-26 | [FX Daily: Bond sell-off re-prices risk](https://feedsoft.ai/events/9592-fx-daily-bond-sell-off-re-prices-risk.md) | +0.7% | +1.9% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-all-in-on-75bp-bets/

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