# The hawkish Fed can't lift the US Dollar anymore

> The US Dollar Index rose more than 3% after the Fed's September hike but has not made a new high since October 14. Traders are pricing about three more hikes, and the Euro makes up 57.6% of the index.

- Date: 2026-10-29 · published 2026-10-30T10:05:44.248Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/2184-the-hawkish-fed-can-t-lift-the-us-dollar-anymore
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar direction affects dollar-priced grain and oilseed contracts, and with the index now driven mainly by European news, its pull on feed commodities is uncertain.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-19 | [Has the Fed plugged the US dollar leak? - MacroBusiness](https://feedsoft.ai/events/57275-has-the-fed-plugged-the-us-dollar-leak-macrobusiness.md) | +0.6% | -0.6% |
| DXY | 2026-01-28 | [Forex Today: Fed delivers hawkish hold, US Dollar remains under pressure](https://feedsoft.ai/events/20966-forex-today-fed-delivers-hawkish-hold-us-dollar-remains-under-pressure.md) | +0.4% | +0.3% |
| DXY | 2026-08-31 | [The Dollar Index falls through a war and a hawkish repricing](https://feedsoft.ai/events/18080-the-dollar-index-falls-through-a-war-and-a-hawkish-repricing.md) | -0.6% | +1.6% |
| DXY | 2021-03-23 | [Does the US dollar have further to fall?](https://feedsoft.ai/events/48319-does-the-us-dollar-have-further-to-fall.md) | +0.8% | -0.7% |
| DXY | 2020-04-22 | [Forecasts for the loonie and U.S. dollar](https://feedsoft.ai/events/53870-forecasts-for-the-loonie-and-u-s-dollar.md) | -0.4% | -1.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/the-hawkish-fed-cant-lift-the-us-dollar-anymore-202610291850

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