# Trump presidency lifts Wall St to record high; dollar, Treasury yields surge

> Wall Street hit a record high and the dollar and Treasury yields rose after Trump's election. The euro fell 1.8% to $1.0730 on tariff fears and wider rate differentials, and sterling fell 1.2%. German Chancellor Scholz also sacked his finance minister and called a confidence vote.

- Date: 2024-11-06 · published 2024-11-06T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/5809-trump-presidency-lifts-wall-st-to-record-high-dollar-treasury-yields-surge
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher US yields and a firmer dollar lift the cost of dollar-based commodity imports for non-US buyers and generally weigh on dollar-denominated grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2024-11-06 | 1 | -1.7% | -5.8 | Links the euro's fall to $1.0730 to tariff fears and wider rate differentials as Treasury yields rose; German political turmoil added a minor euro-negative factor. |
| DXY | 2024-11-06 | 1 | +0.9% | 3.6 | Dollar and Treasury yields surged, with the euro and sterling falling on tariff fears and wider rate differentials. |
| EURUSD | 2024-11-13 | 5 | -3.2% | -4.2 | The dollar and Treasury yields rose, widening rate differentials and pushing EUR/USD to 1.073, while German political turmoil added euro-specific pressure. |
| DXY | 2024-11-13 | 5 | +1.9% | 2.8 | Dollar and Treasury yields surged on tariff fears and wider rate differentials, with the euro and sterling falling. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-28 | [Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder](https://feedsoft.ai/events/45256-dollar-hits-10-1-2-month-high-as-treasury-yields-surge-markets-business-recorder.md) | +0.5% | -0.1% |
| DXY | 2024-11-13 | [Gold extends fall as dollar, Treasury yields rise](https://feedsoft.ai/events/27333-gold-extends-fall-as-dollar-treasury-yields-rise.md) | -0.3% | +0.1% |
| DXY | 2022-12-21 | [Dollar deposits in Korea jump to record on flight to safety and yields](https://feedsoft.ai/events/38456-dollar-deposits-in-korea-jump-to-record-on-flight-to-safety-and-yields.md) | -0.1% | -2.3% |
| DXY | 2016-12-16 | [Dollar near 14-year peak as Fed targets more hikes, Treasury yields jump](https://feedsoft.ai/events/5967-dollar-near-14-year-peak-as-fed-targets-more-hikes-treasury-yields-jump.md) | +0.0% | -1.3% |
| DXY | 2022-05-31 | [Rupee plunges to all-time low of 77.71 against dollar as U.S. Treasury yields spike](https://feedsoft.ai/events/41685-rupee-plunges-to-all-time-low-of-77-71-against-dollar-as-u-s-treasury-yields.md) | +0.0% | +2.0% |
| EURUSD | 2016-12-16 | [Dollar near 14-year peak as Fed targets more hikes, Treasury yields jump](https://feedsoft.ai/events/5967-dollar-near-14-year-peak-as-fed-targets-more-hikes-treasury-yields-jump.md) | +0.7% | +3.1% |
| EURUSD | 2024-11-06 | [US shares, Bitcoin hit record high and dollar soars on Trump win](https://feedsoft.ai/events/9520-us-shares-bitcoin-hit-record-high-and-dollar-soars-on-trump-win.md) | -3.2% | -3.2% |
| EURUSD | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | -2.6% | -2.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1pix-2024-11-06/

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