# Dollar Rises on Talk of Potential Fed Chief Nominee - Babypips.com

> The dollar rose to a one-week high on speculation that President Trump favored a Fed chair nominee seen as more hawkish, such as John Taylor. Two-year Treasury yields hit nine-year highs, and futures implied a 93% chance of a December Fed hike.

- Date: 2017-10-17 · published 2017-10-17T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/68661-dollar-rises-on-talk-of-potential-fed-chief-nominee-babypips-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of faster US rate hikes strengthen the dollar and make dollar-priced commodities more expensive for foreign buyers. This is a meaningful macro driver for grain and feed export prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| DXY | 2018-04-19 | [Dollar Rises With Higher U.S. Yields, Sterling Slumps - Babypips.com](https://feedsoft.ai/events/65767-dollar-rises-with-higher-u-s-yields-sterling-slumps-babypips-com.md) | +2.1% | +3.9% |
| DXY | 2018-06-27 | [Sterling Falls As Dollar Rises, Doubts Return Over Interest Rate Rise - Babypips.com](https://feedsoft.ai/events/64782-sterling-falls-as-dollar-rises-doubts-return-over-interest-rate-rise-babypips.md) | +0.0% | -0.3% |
| DXY | 2024-10-16 | [US dollar rallies on Fed outlook, potential Trump win; inflation weighs on pound](https://feedsoft.ai/events/28053-us-dollar-rallies-on-fed-outlook-potential-trump-win-inflation-weighs-on-pound.md) | +0.7% | +2.8% |
| DXY | 2020-09-22 | [Dollar rises after Fed's Evans comments on quantitative easing](https://feedsoft.ai/events/7696-dollar-rises-after-fed-s-evans-comments-on-quantitative-easing.md) | +1.1% | -1.0% |

## Sources

- babypips.com: https://www.babypips.com/news/dollar-rises-talk-potential-fed-chief-nominee

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