# Dollar Surges Broadly as Markets Raising Bets on June Fed Hike - ActionForex

> The dollar jumped on May 9, 2017 as fed funds futures priced an 87.7% chance of a June Fed hike, up from 67.5% a week earlier. The dollar index touched 99.55 while the yen and Swiss franc weakened.

- Date: 2017-05-09 · published 2017-05-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71189-dollar-surges-broadly-as-markets-raising-bets-on-june-fed-hike-actionforex
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising odds of a June hike strengthen the dollar, which can pressure US commodity export prices and shift foreign buyer costs.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 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) | +1.1% | +1.7% |
| DXY | 2022-01-27 | [Dollar jumps as markets brace for larger, faster rate hikes \| Reuters](https://feedsoft.ai/events/6268-dollar-jumps-as-markets-brace-for-larger-faster-rate-hikes-reuters.md) | +0.1% | +0.7% |
| DXY | 2022-02-11 | [Rate hike bets support the dollar amid surging US inflation - Markets - Business Recorder](https://feedsoft.ai/events/42876-rate-hike-bets-support-the-dollar-amid-surging-us-inflation-markets-business.md) | +0.1% | +2.2% |
| 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% |
| DXY | 2022-07-14 | [Dollar ascendant as CPI stokes Fed bets; Aussie jumps on strong jobs \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/40744-dollar-ascendant-as-cpi-stokes-fed-bets-aussie-jumps-on-strong-jobs-money-and.md) | -0.6% | -2.1% |

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/market-overview/13717-dollar-surges-broadly-as-markets-raising-bets-on-june-fed-hike/

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