# Dollar Rally Nearing An End? Plus Our BoE Outlook | Investing.com ZA

> The US dollar extended its gains on the last trading day of October, reaching its strongest level against the euro in two months and its highest against the Swiss franc in over a year. USD/CAD hit a one-month high. The analyst expects the dollar's strength to be vulnerable to a correction as the year-end approaches.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62803-dollar-rally-nearing-an-end-plus-our-boe-outlook-investing-com-za
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar lowers the dollar value of US-priced feed commodities and can weigh on export demand, while a weaker dollar tends to support grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-18 | [Dollar Rallies on Fed’s Hawkish Hold; BoE Awaited \| Investing.com](https://feedsoft.ai/events/19063-dollar-rallies-on-fed-s-hawkish-hold-boe-awaited-investing-com.md) | +1.4% | +1.0% |
| DXY | 2022-08-29 | [Stocks And Bonds Sell Off, While The Dollar Rallies \| Investing.com](https://feedsoft.ai/events/40299-stocks-and-bonds-sell-off-while-the-dollar-rallies-investing-com.md) | +0.6% | +4.4% |
| 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 | 2026-06-29 | [FX Outlook: A Busy Week Ahead \| Investing.com UK](https://feedsoft.ai/events/19033-fx-outlook-a-busy-week-ahead-investing-com-uk.md) | -0.0% | -0.1% |
| DXY | 2017-06-14 | [Dollar U-Turns On Hawkish Yellen \| Investing.com ZA](https://feedsoft.ai/events/10200-dollar-u-turns-on-hawkish-yellen-investing-com-za.md) | +0.6% | -0.9% |
| EURUSD | 2018-10-29 | [U.S. Dollar Looks Intent on Rallying into Year-End](https://feedsoft.ai/events/62723-u-s-dollar-looks-intent-on-rallying-into-year-end.md) | -0.1% | -0.9% |
| EURUSD | 2026-06-19 | [EUR/USD Loses Ground as Market Sentiment Favours the US Dollar \| Investing.com](https://feedsoft.ai/events/11516-eur-usd-loses-ground-as-market-sentiment-favours-the-us-dollar-investing-com.md) | -0.6% | -0.5% |
| EURUSD | 2016-12-15 | [Dollar, bond yields advance on Fed rate outlook](https://feedsoft.ai/events/6462-dollar-bond-yields-advance-on-fed-rate-outlook.md) | -2.2% | -0.3% |

## Sources

- za.investing.com: https://za.investing.com/analysis/dollar-rally-nearing-an-end-plus-our-boe-outlook-200197790

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