# FOREX-Rate bets rule currency markets as dollar shines; euro, Aussie sag | Business

> The dollar hit its highest since March 2017 against the yen and traded near a 16-month peak against major peers. Strong US retail sales and consumer price data boosted bets on earlier Federal Reserve rate hikes. The euro and Australian dollar weakened, with Fed hike pricing for June and November.

- Date: 2021-11-17 · published 2021-11-17T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11955-forex-rate-bets-rule-currency-markets-as-dollar-shines-euro-aussie-sag-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Earlier Fed hikes would lift the dollar further, weighing on dollar-priced commodities and pressuring currencies of major feed exporters such as Australia.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼
- EURUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-14 | [Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/40744-dollar-ascendant-as-cpi-stokes-fed-bets-aussie-jumps-on-strong-jobs-money-and.md) | -0.6% | -2.1% |
| DXY | 2023-10-27 | [Sterling set for weekly declines on dollar and euro, buffeted - Markets - Business Recorder](https://feedsoft.ai/events/33885-sterling-set-for-weekly-declines-on-dollar-and-euro-buffeted-markets-business.md) | -0.9% | -3.1% |
| DXY | 2018-01-28 | [Fundies add shorts to Aussie dollar rocket - MacroBusiness](https://feedsoft.ai/events/67229-fundies-add-shorts-to-aussie-dollar-rocket-macrobusiness.md) | +0.4% | +1.0% |
| DXY | 2017-05-03 | [Dollar Inches up as Fed Eyed for June Rate Steer \| Fox Business](https://feedsoft.ai/events/71192-dollar-inches-up-as-fed-eyed-for-june-rate-steer-fox-business.md) | +0.6% | -1.2% |
| DXY | 2023-09-26 | [Thai baht leads Asian currencies lower, pressured by dollar - Markets - Business Recorder](https://feedsoft.ai/events/34379-thai-baht-leads-asian-currencies-lower-pressured-by-dollar-markets-business.md) | +0.8% | +1.3% |
| EURUSD | 2017-05-03 | [Dollar Inches up as Fed Eyed for June Rate Steer \| Fox Business](https://feedsoft.ai/events/71192-dollar-inches-up-as-fed-eyed-for-june-rate-steer-fox-business.md) | -0.3% | +3.0% |
| EURUSD | 2022-07-28 | [Dollar rebounds as traders wrestle with US rate view - Markets - Business Recorder](https://feedsoft.ai/events/40680-dollar-rebounds-as-traders-wrestle-with-us-rate-view-markets-business-recorder.md) | +0.4% | -1.4% |
| EURUSD | 2021-03-26 | [Dollar buoyant as economic outlook brightens, doubts surround euro - Markets - Business Recorder](https://feedsoft.ai/events/48341-dollar-buoyant-as-economic-outlook-brightens-doubts-surround-euro-markets.md) | -0.0% | +2.0% |

## Sources

- devdiscourse.com: https://www.devdiscourse.com/article/business/1810625-forex-rate-bets-rule-currency-markets-as-dollar-shines-euro-aussie-sag

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