# December Rate Hike Expectations and Expensive Oil: The Dollar Is Back on Top | Investing.com

> The dollar rebounded as markets priced roughly an 80% chance of a December Fed hike and oil prices rose. Fed Chair Warsh said inflation is elevated and the economy strong, while the ECB was expected to hold its deposit rate at 2.5%.

- Date: 2026-10-29 · published 2026-10-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/17043-december-rate-hike-expectations-and-expensive-oil-the-dollar-is-back-on-top
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stronger dollar expectations and higher oil together tighten conditions for dollar-priced grains and oilseeds, while energy-driven inflation keeps input costs elevated for feed buyers.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-24 | [US Dollar Firms as Fed Minutes Temper Rate-Cut Expectations \| Investing.com](https://feedsoft.ai/events/20509-us-dollar-firms-as-fed-minutes-temper-rate-cut-expectations-investing-com.md) | +0.6% | +1.7% |
| DXY | 2022-10-31 | [Dollar gains on Fed rate hike expectations](https://feedsoft.ai/events/39325-dollar-gains-on-fed-rate-hike-expectations.md) | -0.1% | -2.8% |
| DXY | 2026-09-29 | [Fed Rate Hike Bets and US Bond Rout Bolster the Dollar, Hurt Equities and Gold \| Investing.com](https://feedsoft.ai/events/17391-fed-rate-hike-bets-and-us-bond-rout-bolster-the-dollar-hurt-equities-and-gold.md) | +0.5% | +0.8% |
| DXY | 2017-05-03 | [Dollar, June Rate-Hike Odds Soar \| Investing.com AU](https://feedsoft.ai/events/70921-dollar-june-rate-hike-odds-soar-investing-com-au.md) | +0.6% | -1.2% |
| DXY | 2022-06-20 | [US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa](https://feedsoft.ai/events/41145-us-dollar-to-remain-resilient-amid-the-re-pricing-higher-in-fed-s-rate.md) | -0.9% | +1.0% |
| WTI | 2026-03-23 | [Pound dips against dollar amid mounting expectations of Bank of England rate increase](https://feedsoft.ai/events/20435-pound-dips-against-dollar-amid-mounting-expectations-of-bank-of-england-rate.md) | +2.2% | -8.1% |
| WTI | 2026-10-20 | [Canadian dollar outlook: oil prices and Fed signals drive the loonie By Investing.com](https://feedsoft.ai/events/17267-canadian-dollar-outlook-oil-prices-and-fed-signals-drive-the-loonie-by.md) | -0.2% | — |
| WTI | 2017-06-30 | [Canadian Dollar Exchange Rates Boosted As GDP Comes In On Forecast And Oil Boosts The CAD](https://feedsoft.ai/events/70739-canadian-dollar-exchange-rates-boosted-as-gdp-comes-in-on-forecast-and-oil.md) | -1.5% | +10.7% |

## Sources

- investing.com: https://www.investing.com/analysis/december-rate-hike-expectations-and-expensive-oil-the-dollar-is-back-on-top-200690471

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