# Dollar Rally Extends as Fed Signals Rate Hike Likely in Coming Months - Bloomberg

> The dollar posted its biggest two-day rally in three months and moved back toward a late-March peak. Traders bet the Federal Reserve will begin raising rates as soon as late next month.

- Date: 2026-06-18 · published 2026-06-18T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11989-dollar-rally-extends-as-fed-signals-rate-hike-likely-in-coming-months-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Bets on an imminent Fed hike strengthen the dollar and can weigh on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2026-06-24 | 5 | +1.8% | 3.1 | The dollar's biggest two-day rally in three months on Fed hike signals directly drove the early part of the 5-day gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-26 | [Dollar Rally Hinges on Fed Moves as Traders Eye Jobs Report Next - Bloomberg](https://feedsoft.ai/events/74018-dollar-rally-hinges-on-fed-moves-as-traders-eye-jobs-report-next-bloomberg.md) | -0.6% | +0.6% |
| DXY | 2026-06-23 | [Dollar Hits Highest Since November as Fed Rate Hike Bets Strengthen - Bloomberg](https://feedsoft.ai/events/11990-dollar-hits-highest-since-november-as-fed-rate-hike-bets-strengthen-bloomberg.md) | +0.3% | +0.0% |
| DXY | 2021-10-01 | [Dollar heads for best week in months as Fed tightening looms](https://feedsoft.ai/events/44797-dollar-heads-for-best-week-in-months-as-fed-tightening-looms.md) | -0.1% | -0.4% |
| DXY | 2020-08-18 | [Dollar extends gain but shares retreat as Fed signals stimulus](https://feedsoft.ai/events/51791-dollar-extends-gain-but-shares-retreat-as-fed-signals-stimulus.md) | +0.1% | -1.0% |
| DXY | 2023-06-14 | [US dollar falls, but off four-week lows, as Fed signals more rate hikes \| Reuters](https://feedsoft.ai/events/35412-us-dollar-falls-but-off-four-week-lows-as-fed-signals-more-rate-hikes-reuters.md) | -0.4% | -1.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-06-18/dollar-rally-builds-as-hawkish-fed-meeting-stokes-rate-hike-bets

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