# Trumponomics helps drive unusual surge in dollar, interest rate spike

> The dollar index rose sharply against the yen and other currencies, and short-end US bond yields spiked to a six-and-a-half-year high. Investors attributed the move to stronger-than-expected durable goods data and expectations of Trump stimulus that could bring earlier Fed rate hikes.

- Date: 2016-11-23 · published 2016-11-23T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/74019-trumponomics-helps-drive-unusual-surge-in-dollar-interest-rate-spike
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A rapid dollar rally and higher yields make US exports pricier for foreign buyers and can weigh on dollar-denominated grain and oilseed prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-23 | [Dollar's value climbs amid high interest rates, thriving U.S. economy](https://feedsoft.ai/events/30912-dollar-s-value-climbs-amid-high-interest-rates-thriving-u-s-economy.md) | -0.4% | -1.5% |
| DXY | 2026-03-26 | [US Dollar Surge Defies Usual Drivers as AUD/USD Unwind Accelerates \| Investing.com](https://feedsoft.ai/events/20411-us-dollar-surge-defies-usual-drivers-as-aud-usd-unwind-accelerates-investing-com.md) | -0.0% | -1.3% |
| DXY | 2020-09-17 | [Asian Shares Drop, Dollar Rises On Fed Interest Rate Promise](https://feedsoft.ai/events/51285-asian-shares-drop-dollar-rises-on-fed-interest-rate-promise.md) | +1.6% | +0.6% |
| DXY | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | +1.4% | +1.4% |
| DXY | 2022-07-14 | [Canadian dollar falls to a 20-month low after supersized interest rate hike](https://feedsoft.ai/events/40721-canadian-dollar-falls-to-a-20-month-low-after-supersized-interest-rate-hike.md) | -0.6% | -2.1% |
| SOY | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | -4.9% | +0.1% |
| SOY | 2017-02-14 | [US Dollar Helped by Yellen, GBP/USD Looking Overpriced on Interest Rate Spread Analysis](https://feedsoft.ai/events/72743-us-dollar-helped-by-yellen-gbp-usd-looking-overpriced-on-interest-rate-spread.md) | -2.7% | -6.4% |
| SOY | 2020-05-13 | [Dollar up as Powell downplays chances of negative U.S. interest rates \| Financial Post](https://feedsoft.ai/events/53332-dollar-up-as-powell-downplays-chances-of-negative-u-s-interest-rates-financial.md) | -0.8% | +1.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2016/11/23/trumponomics-helps-drive-unusual-surge-in-dollar-interest-rate-spike.html

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