# U.S. dollar rallied Wednesday. What about other currencies?

> The US dollar recovered on Wednesday as investors sought safe-haven assets and US equities fell. The euro and British pound each lost more than 1%, with the euro at $0.9852 and sterling at $1.1268, as markets priced a smaller expected Fed hike.

- Date: 2022-10-05 · published 2022-10-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/7985-u-s-dollar-rallied-wednesday-what-about-other-currencies
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer dollar makes US commodities more expensive for non-US buyers, which tends to weigh on US export demand and dollar-denominated grain and meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |
| DXY | 2017-10-27 | [U.S. grains: Wheat futures sink as dollar rallies - Grainews](https://feedsoft.ai/events/68496-u-s-grains-wheat-futures-sink-as-dollar-rallies-grainews.md) | -0.1% | -1.4% |
| DXY | 2017-05-18 | [Dollar spikes against major currencies](https://feedsoft.ai/events/4359-dollar-spikes-against-major-currencies.md) | -0.1% | -0.8% |
| DXY | 2018-05-02 | [Fed Likely On Hold, But What About U.S. Dollar? \| Investing.com Canada](https://feedsoft.ai/events/64950-fed-likely-on-hold-but-what-about-u-s-dollar-investing-com-canada.md) | +1.2% | +1.8% |
| DXY | 2016-11-25 | [Dollar pulls back after skittling  world currencies](https://feedsoft.ai/events/74038-dollar-pulls-back-after-skittling-world-currencies.md) | -0.3% | +0.7% |
| EURUSD | 2021-06-18 | [Fed-fuelled dollar forces rival currencies onto back foot](https://feedsoft.ai/events/6128-fed-fuelled-dollar-forces-rival-currencies-onto-back-foot.md) | +0.1% | -0.8% |
| EURUSD | 2021-12-01 | [Dollar steadies, risk currencies recover from omicron-driven drop](https://feedsoft.ai/events/43797-dollar-steadies-risk-currencies-recover-from-omicron-driven-drop.md) | -0.4% | +0.4% |
| EURUSD | 2024-06-07 | [Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede](https://feedsoft.ai/events/8477-dollar-rallies-and-gold-sinks-as-fed-rate-cut-hopes-recede.md) | -1.2% | -0.4% |

## Sources

- financebrokerage.com: https://www.financebrokerage.com/u-s-dollar-rallied-wednesday-what-about-other-currencies/

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