# U.S. dollar hasn’t been this high in 14 years and it’s clobbering just about everybody else - Financial Post

> The dollar surged to a near 14-year high, pushing toward parity with the euro and weakening the yen, yuan and emerging-market currencies such as the Turkish lira and Indian rupee. The move was amplified by thin Thanksgiving-holiday trading volumes.

- Date: 2016-11-24 · published 2016-11-24T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/74020-u-s-dollar-hasn-t-been-this-high-in-14-years-and-it-s-clobbering-just-about
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Currency weakness in importing countries like China and emerging markets reduces their buying power for US feed ingredients, supporting bearish pressure on grain and meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-05-31 | [Dollar near 2-month high vs yen, U.S. inflation beats expectations \| Financial Post](https://feedsoft.ai/events/47351-dollar-near-2-month-high-vs-yen-u-s-inflation-beats-expectations-financial-post.md) | -0.2% | +1.1% |
| DXY | 2020-03-31 | [Yen declines on year-end U.S. dollar demand \| Financial Post](https://feedsoft.ai/events/54348-yen-declines-on-year-end-u-s-dollar-demand-financial-post.md) | +0.7% | +0.5% |
| DXY | 2023-04-19 | [Dollar firms as U.S. yields rise, high British inflation underpins pound \| Financial Post](https://feedsoft.ai/events/36664-dollar-firms-as-u-s-yields-rise-high-british-inflation-underpins-pound.md) | +0.4% | +0.1% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2020-09-09 | [Dollar and yen rise as tech selloff sends investors to safety \| Financial Post](https://feedsoft.ai/events/51342-dollar-and-yen-rise-as-tech-selloff-sends-investors-to-safety-financial-post.md) | -0.7% | -0.2% |
| USDCNY | 2022-12-28 | [China's yuan weakens as U.S. dollar gains on sustained inflation outlook \| Financial Post](https://feedsoft.ai/events/38448-china-s-yuan-weakens-as-u-s-dollar-gains-on-sustained-inflation-outlook.md) | -1.0% | -2.4% |
| USDCNY | 2021-04-01 | [China's yuan dips as Biden infrastructure plan lifts dollar \| Financial Post](https://feedsoft.ai/events/47817-china-s-yuan-dips-as-biden-infrastructure-plan-lifts-dollar-financial-post.md) | -0.2% | -1.1% |
| USDCNY | 2022-04-21 | [China's yuan slides to 6-month low as tightening prospects help dollar \| Financial Post](https://feedsoft.ai/events/7337-china-s-yuan-slides-to-6-month-low-as-tightening-prospects-help-dollar.md) | +2.2% | +5.2% |

## Sources

- financialpost.com: https://financialpost.com/investing/u-s-dollar-hasnt-been-this-high-in-14-years-and-its-clobbering-just-about-everybody-else/

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