# USD: Dollar’s Trump-Fueled Rally Unites Wall Street on Bullish Bets - Bloomberg

> The Bloomberg Dollar Spot Index rose on Tuesday to its highest level since November 2022. The euro fell to its lowest level in a year, while the yen and Canadian dollar also weakened toward key psychological levels.

- Date: 2024-11-12 · published 2024-11-12T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7558-usd-dollar-s-trump-fueled-rally-unites-wall-street-on-bullish-bets-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A broad dollar rally makes dollar-priced commodities more expensive for buyers using other currencies, which can soften export demand for US feed grains and meals.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- USDCAD: bullish ▲
- USDJPY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2024-11-12 | 1 | +1.0% | 3.1 | Bloomberg Dollar Spot Index hit its highest level since Nov 2022 on 11/12, with the euro at a one-year low, matching the day's broad dollar gain. |
| EURUSD | 2024-11-13 | 5 | -3.2% | -4.2 | The dollar index hit its highest since Nov 2022 and the euro fell to a one-year low as bullish dollar positioning built, contributing to later declines in the window. |
| DXY | 2024-11-13 | 5 | +1.9% | 2.8 | Bloomberg Dollar Spot Index reached its highest level since Nov 2022 on Nov 12, extending the rally late in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-18 | [IDR/USD: Indonesian Rupiah Set for Rally in Second Half on Weaker Dollar - Bloomberg](https://feedsoft.ai/events/24975-idr-usd-indonesian-rupiah-set-for-rally-in-second-half-on-weaker-dollar.md) | -1.4% | -2.4% |
| DXY | 2024-04-16 | [USD Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts - Bloomberg](https://feedsoft.ai/events/12554-usd-dollar-heads-for-best-run-in-year-in-bet-on-fed-delaying-cuts-bloomberg.md) | +0.5% | -0.3% |
| DXY | 2016-11-26 | [Dollar Rally Hinges on Fed Moves as Traders Eye Jobs Report Next - Bloomberg](https://feedsoft.ai/events/74018-dollar-rally-hinges-on-fed-moves-as-traders-eye-jobs-report-next-bloomberg.md) | -0.6% | +0.6% |
| DXY | 2017-11-01 | [U.S. Stocks Rise With Dollar on Fed Economy Views: Markets Wrap - Bloomberg](https://feedsoft.ai/events/68153-u-s-stocks-rise-with-dollar-on-fed-economy-views-markets-wrap-bloomberg.md) | +0.1% | -1.2% |
| DXY | 2026-06-30 | [United States Dollar Index strengthens above 101.00 on Fed rate hike bets](https://feedsoft.ai/events/19015-united-states-dollar-index-strengthens-above-101-00-on-fed-rate-hike-bets.md) | -0.1% | -0.3% |
| EURUSD | 2026-06-18 | [US dollar rally builds as hawkish Fed meeting stokes rate-hike bets \| The Straits Times](https://feedsoft.ai/events/11517-us-dollar-rally-builds-as-hawkish-fed-meeting-stokes-rate-hike-bets-the-straits.md) | -1.8% | -1.3% |
| EURUSD | 2026-06-28 | [Euro’s Run Looks Over as Wall Street Targets Slide Toward $1.10 - Bloomberg](https://feedsoft.ai/events/19027-euro-s-run-looks-over-as-wall-street-targets-slide-toward-1-10-bloomberg.md) | +0.2% | -0.2% |
| EURUSD | 2024-04-09 | [ECB-Fed Rates Split Ignites Talk of Euro Sliding to Dollar Parity - Bloomberg](https://feedsoft.ai/events/9973-ecb-fed-rates-split-ignites-talk-of-euro-sliding-to-dollar-parity-bloomberg.md) | -1.9% | -0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-11-12/dollar-s-trump-fueled-rally-unites-wall-street-on-bullish-bets

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