# Dollar index hits 2-year high amid 'Trump trade' bets - MarketWatch

> The dollar index rose above 107 for the first time since November 2022 as traders bet on Trump's tax, immigration and tariff policies. The euro fell near $1.05 and the pound dropped below $1.2650.

- Date: 2024-11-14 · published 2024-11-14T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11855-dollar-index-hits-2-year-high-amid-trump-trade-bets-marketwatch
- 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

Expectations of renewed US inflation and slower Fed cuts are lifting the dollar, which makes dollar-denominated feed ingredients costlier for importers and pressures prices in other currencies.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-13 | [Dollar hits one-year high on Trump trades](https://feedsoft.ai/events/7556-dollar-hits-one-year-high-on-trump-trades.md) | -0.3% | +0.1% |
| DXY | 2021-10-11 | [Forex markets: Dollar hits more than 2-year high against yen](https://feedsoft.ai/events/44794-forex-markets-dollar-hits-more-than-2-year-high-against-yen.md) | -0.5% | -0.7% |
| DXY | 2021-09-29 | [Dollar index hits roughly one-year high a week after Fed policy update - MarketWatch](https://feedsoft.ai/events/45254-dollar-index-hits-roughly-one-year-high-a-week-after-fed-policy-update.md) | +0.1% | -0.5% |
| DXY | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | +1.4% | +0.8% |
| DXY | 2022-05-09 | [U.S. dollar touches 20-year high as markets shun risk](https://feedsoft.ai/events/41620-u-s-dollar-touches-20-year-high-as-markets-shun-risk.md) | +0.8% | -1.3% |
| EURUSD | 2024-11-13 | [Dollar hits one-year high on Trump trades](https://feedsoft.ai/events/7556-dollar-hits-one-year-high-on-trump-trades.md) | -0.2% | -0.8% |
| EURUSD | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | -2.6% | -2.5% |
| EURUSD | 2016-11-16 | [Dollar index surges to 14-year high](https://feedsoft.ai/events/8327-dollar-index-surges-to-14-year-high.md) | -1.0% | -0.7% |

## Sources

- marketwatch.com: https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-dip-as-traders-eye-powell-speech/card/dollar-index-hits-2-year-high-amid-trump-trade-bets-HSxhjy3QTzLc785ht17L

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