# Dollar, bond yields advance on Fed rate outlook

> On December 15, 2016 the dollar hit a 14-year high and bond yields rose broadly after the Federal Reserve signaled faster rate increases next year. The move extended gains from the previous day's Fed meeting.

- Date: 2016-12-15 · published 2016-12-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/6462-dollar-bond-yields-advance-on-fed-rate-outlook
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Rising US rates and a firmer dollar raise the cost of exports and can weigh on feed commodity prices.

## Read by commodity

- DXY: bullish ▲
- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2016-12-15 | 1 | +1.8% | 5.0 | The dollar hit a 14-year high on Dec 15 as bond yields rose on the Fed's faster-hike outlook. |
| EURUSD | 2016-12-15 | 1 | -2.6% | -5.6 | Dollar strength and higher yields following the hawkish Fed outlook explain the euro decline through repricing of rate differentials. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | -2.2% | +0.4% |
| SOY | 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) | +0.5% | +4.2% |
| SOY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | +1.4% | +5.6% |
| SOY | 2025-01-13 | [Dollar stays strong as doubts about Fed rate cuts grow](https://feedsoft.ai/events/26701-dollar-stays-strong-as-doubts-about-fed-rate-cuts-grow.md) | +2.0% | +3.6% |
| SOY | 2021-06-17 | [Dollar surges to two-month high on Fed rate-hike projection](https://feedsoft.ai/events/5930-dollar-surges-to-two-month-high-on-fed-rate-hike-projection.md) | -4.4% | -0.1% |
| CORN | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | -2.5% | -0.4% |
| CORN | 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) | -3.6% | -0.7% |
| CORN | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.4% | +4.0% |

## Sources

- reuters.com: https://www.reuters.com/article/global-markets-idUSL5N1EA5TB/?feedName=usDollarRpt&feedType=RSS
- reuters.com: https://www.reuters.com/article/idUSKBN14331K/

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