# Dollar surges to 2-decade high as investors seek refuge | AP News

> The US dollar surged in April as investors sought safe-haven assets amid the Federal Reserve's aggressive rate increases to combat inflation at a 40-year high. Higher rates have increased demand for dollars.

- Date: 2022-05-05 · published 2022-05-05T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/8316-dollar-surges-to-2-decade-high-as-investors-seek-refuge-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger dollar makes US commodity exports more expensive for foreign buyers, which tends to weigh on grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-16 | [Dollar index surges to 14-year high](https://feedsoft.ai/events/8327-dollar-index-surges-to-14-year-high.md) | +0.6% | -0.0% |
| 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 | 2016-11-14 | [Dollar surges to 11-month high as bond rout persists](https://feedsoft.ai/events/7743-dollar-surges-to-11-month-high-as-bond-rout-persists.md) | +1.4% | +0.8% |
| DXY | 2019-09-30 | [Rand weaker as investors seek shelter in dollar - Moneyweb](https://feedsoft.ai/events/57360-rand-weaker-as-investors-seek-shelter-in-dollar-moneyweb.md) | -0.2% | -1.4% |
| DXY | 2023-06-23 | [Stocks fall, dollar up as investors weigh more rate hikes \| Reuters](https://feedsoft.ai/events/35674-stocks-fall-dollar-up-as-investors-weigh-more-rate-hikes-reuters.md) | +0.6% | -0.7% |
| CORN | 2024-06-26 | [Dollar Soars to Fresh 2024 High as Fed Diverges From Major Peers](https://feedsoft.ai/events/29963-dollar-soars-to-fresh-2024-high-as-fed-diverges-from-major-peers.md) | -3.3% | -1.2% |
| CORN | 2021-06-17 | [Dollar surges to two-month high on Fed rate-hike projection](https://feedsoft.ai/events/5930-dollar-surges-to-two-month-high-on-fed-rate-hike-projection.md) | -2.4% | +2.5% |
| CORN | 2022-04-29 | [Dollar surge leaves trail of destruction](https://feedsoft.ai/events/7373-dollar-surge-leaves-trail-of-destruction.md) | -7.1% | -3.2% |

## Sources

- apnews.com: https://apnews.com/article/business-prices-inflation-aa3ce4665b111d8b36948896f79e47d8

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