Loading…
The US dollar extended its rally for a second day toward its late-March peak as traders priced in possible Fed rate hikes as soon as late July. The euro, Canadian dollar and yen all weakened, with the yen at its weakest since July 2024.
A broad dollar rally tends to lower US commodity prices and make exports less competitive abroad. Currency weakness in Canada and Japan can also shift import demand for feed ingredients.
straitstimes.comJun 18, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
The dollar rally on hawkish Fed rate-hike bets on the same day drove euro weakness against the dollar.
The dollar rally extended against the euro, CAD and yen on hike pricing, showing the breadth of the broad index move.
