# Dollar hits one-year high on Trump trades

> The euro continued to decline on expectations of potential Trump tariffs. Political uncertainty in Germany, following the collapse of Chancellor Olaf Scholz's governing coalition, also weighed on the currency and the dollar hit a one-year high.

- Date: 2024-11-13 · published 2024-11-13T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7556-dollar-hits-one-year-high-on-trump-trades
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar on tariff and political risk supports a stronger currency for US exporters' competitors to price against, and can pressure US commodity prices quoted in dollars.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2024-11-13 | 5 | -3.2% | -4.2 | The dollar reached a one-year high while the euro kept falling on tariff expectations and German coalition collapse, adding euro-specific political risk. |
| DXY | 2024-11-13 | 5 | +1.9% | 2.8 | Dollar hit a one-year high on Nov 13 on Trump trades and euro weakness from German political uncertainty. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-14 | [Dollar index hits 2-year high amid 'Trump trade' bets - MarketWatch](https://feedsoft.ai/events/11855-dollar-index-hits-2-year-high-amid-trump-trade-bets-marketwatch.md) | -0.1% | -0.0% |
| DXY | 2016-11-16 | [Dollar hits 14-year high as Trump-fuelled bond sell-off resumes](https://feedsoft.ai/events/9131-dollar-hits-14-year-high-as-trump-fuelled-bond-sell-off-resumes.md) | +0.6% | -0.0% |
| DXY | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | +1.4% | +0.8% |
| DXY | 2024-12-31 | [Dollar dominates on cautious Fed, Trump trade](https://feedsoft.ai/events/27131-dollar-dominates-on-cautious-fed-trump-trade.md) | -0.2% | -0.4% |
| DXY | 2022-05-05 | [Dollar index hits 20-year high, sterling tumbles on dovish BoE](https://feedsoft.ai/events/8318-dollar-index-hits-20-year-high-sterling-tumbles-on-dovish-boe.md) | +0.7% | -1.2% |
| EURUSD | 2024-11-14 | [Dollar index hits 2-year high amid 'Trump trade' bets - MarketWatch](https://feedsoft.ai/events/11855-dollar-index-hits-2-year-high-amid-trump-trade-bets-marketwatch.md) | -0.4% | -0.5% |
| EURUSD | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | -2.6% | -2.5% |
| EURUSD | 2016-11-16 | [Dollar index surges to 14-year high](https://feedsoft.ai/events/8327-dollar-index-surges-to-14-year-high.md) | -1.0% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-holds-firm-ahead-us-inflation-bitcoin-targets-fresh-highs-2024-11-13/

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