# Hot U.S. inflation drives dollar to 2021 peaks | Reuters

> The US dollar rose to 2021 highs after hot US inflation data. Rates moves, especially at the short end, pointed to traders expecting the Federal Reserve to hike rates if prices kept rising.

- Date: 2021-11-11 · published 2021-11-11T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/44245-hot-u-s-inflation-drives-dollar-to-2021-peaks-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes dollar-priced feed ingredients and grains more expensive for importers, which can weigh on export demand and prices. Higher rate expectations also tighten financing for buyers and holders of stocks.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-10 | [Stocks slide, dollar gains on hot U.S. inflation data \| Reuters](https://feedsoft.ai/events/7711-stocks-slide-dollar-gains-on-hot-u-s-inflation-data-reuters.md) | +1.5% | +3.7% |
| DXY | 2021-11-11 | [Dollar rockets to 16-month highs after hot U.S. inflation; euro sinks \| Reuters](https://feedsoft.ai/events/11949-dollar-rockets-to-16-month-highs-after-hot-u-s-inflation-euro-sinks-reuters.md) | +0.8% | +1.2% |
| DXY | 2022-06-10 | [U.S. Dollar ETFs Rally After Red-Hot Inflation Reading \| ETF Trends](https://feedsoft.ai/events/7714-u-s-dollar-etfs-rally-after-red-hot-inflation-reading-etf-trends.md) | +1.5% | +3.7% |
| DXY | 2021-02-26 | [Globals stock slide on inflation fears, dollar gains \| Reuters](https://feedsoft.ai/events/9587-globals-stock-slide-on-inflation-fears-dollar-gains-reuters.md) | +0.7% | +1.9% |
| DXY | 2022-04-25 | [U.S. dollar rises to two-year high; yuan tumbles \| Reuters](https://feedsoft.ai/events/4945-u-s-dollar-rises-to-two-year-high-yuan-tumbles-reuters.md) | +1.2% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/business/hot-us-inflation-drives-dollar-2021-peaks-2021-11-11/

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