# Dollar near 14-year peak as Fed targets more hikes, Treasury yields jump

> The euro was little changed at $1.0427 after touching $1.0366 on December 15, its lowest since January 2003, and was down 1.4% for the week. Traders focused on the Fed's signal of more rate hikes and rising Treasury yields.

- Date: 2016-12-16 · published 2016-12-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/5967-dollar-near-14-year-peak-as-fed-targets-more-hikes-treasury-yields-jump
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The firm dollar and higher US yields support the dollar index while pressuring dollar-denominated commodity prices, a downside risk for feed ingredients.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-16 | [Dollar near 14-year highs after Fed tips more rate hikes](https://feedsoft.ai/events/6461-dollar-near-14-year-highs-after-fed-tips-more-rate-hikes.md) | +0.0% | -1.3% |
| DXY | 2022-01-27 | [Stocks shed gains, Treasury yields jump as Fed signals rate hikes could come 'soon'](https://feedsoft.ai/events/43046-stocks-shed-gains-treasury-yields-jump-as-fed-signals-rate-hikes-could-come-soon.md) | +0.1% | +0.7% |
| 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 | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| EURUSD | 2024-11-06 | [Trump presidency lifts Wall St to record high; dollar, Treasury yields surge](https://feedsoft.ai/events/5809-trump-presidency-lifts-wall-st-to-record-high-dollar-treasury-yields-surge.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% |
| EURUSD | 2016-11-16 | [Dollar index surges to 14-year high](https://feedsoft.ai/events/8327-dollar-index-surges-to-14-year-high.md) | -1.0% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/article/global-forex-idUSL4N1EB1IP/?feedName=usDollarRpt&feedType=RSS

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