# Dollar set for best weekly gain since Nov 2016 on yield bets - The HinduBusinessLine

> The dollar rose 0.2% to 91.71 against a basket of rivals, on track for its best weekly gain since November 2016. A spike in US 10-year Treasury yields above 3% prompted investors to unwind short dollar bets, particularly against some emerging market currencies.

- Date: 2018-04-27 · published 2018-04-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65734-dollar-set-for-best-weekly-gain-since-nov-2016-on-yield-bets-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US yields and a stronger dollar pressure dollar-denominated commodity prices and raise import costs for emerging-market feed buyers. Currency-driven demand shifts can weigh on feed grain and meal prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-20 | [Dollar hits 3-week high on New York Fed president's comments - The HinduBusinessLine](https://feedsoft.ai/events/70706-dollar-hits-3-week-high-on-new-york-fed-president-s-comments-the.md) | +0.0% | -2.1% |
| DXY | 2021-12-30 | [Dollar on track for best year since 2015](https://feedsoft.ai/events/43836-dollar-on-track-for-best-year-since-2015.md) | +0.0% | +0.6% |
| DXY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | +0.4% | -1.2% |
| DXY | 2023-09-26 | [Rupee falls on month-end dollar demand, higher US yields - The HinduBusinessLine](https://feedsoft.ai/events/34390-rupee-falls-on-month-end-dollar-demand-higher-us-yields-the-hindubusinessline.md) | +0.8% | +1.3% |
| DXY | 2017-05-11 | [Dollar at 8-week high vs yen on US economic optimism - The HinduBusinessLine](https://feedsoft.ai/events/71232-dollar-at-8-week-high-vs-yen-on-us-economic-optimism-the-hindubusinessline.md) | -1.2% | -2.0% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/dollar-at-3-12-month-high-on-elevated-yields/article23691382.ece

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