# Dollar surges to 11-month high as bond rout persists

> The dollar surged to an 11-month high against a basket of major currencies as U.S. bond yields and inflation expectations rose after Trump's election win. The yuan hit its weakest level since before its offshore market launched in 2010, while the yen and euro also fell.

- Date: 2016-11-14 · published 2016-11-14T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7743-dollar-surges-to-11-month-high-as-bond-rout-persists
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A broad dollar rally and weaker Asian currencies raise the cost of dollar-priced commodity imports in those markets, which can cut demand and pressure grain and meal prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2016-11-14 | 1 | -1.5% | -3.7 | The dollar surged to an 11-month high on 2016-11-14 as US bond yields and inflation expectations rose, with the euro falling in the same session. |
| USDCNY | 2016-11-14 | 1 | +0.7% | 4.1 | Same-day dollar surge to an 11-month high on rising US yields and inflation expectations, with the yuan hitting its weakest level, directly explains the USD/CNY jump. |
| DXY | 2016-11-16 | 5 | +3.1% | 3.9 | Dollar surged to an 11-month high on 11/14 as bond yields and inflation expectations rose after Trump's win, driving the 5-day gain directly. |
| EURUSD | 2016-11-14 | 5 | -3.6% | -3.3 | Dollar hit an 11-month high on Nov 14 as US yields and inflation expectations rose post-election, with the euro falling, directly matching the move. |
| USDCNY | 2016-11-14 | 5 | +1.4% | 3.4 | The dollar surged to an 11-month high on a bond rout and rising US yields, and the yuan hit its weakest level since 2010, matching the window's end date. |

## 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 | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | -0.6% | +1.3% |
| DXY | 2016-11-16 | [Dollar index surges to 14-year high](https://feedsoft.ai/events/8327-dollar-index-surges-to-14-year-high.md) | +0.6% | -0.0% |
| DXY | 2026-10-01 | [Dollar hits 17-month high versus euro as bond selloff lifts yields](https://feedsoft.ai/events/9653-dollar-hits-17-month-high-versus-euro-as-bond-selloff-lifts-yields.md) | +0.2% | +0.6% |
| DXY | 2024-02-13 | [US dollar rises to three-month high after inflation data, surges past 150 yen](https://feedsoft.ai/events/31870-us-dollar-rises-to-three-month-high-after-inflation-data-surges-past-150-yen.md) | +0.1% | -0.6% |
| USDCNY | 2024-06-27 | [China's Yuan Hits Seven-Month Low As Dollar Outflows Persist - Finimize](https://feedsoft.ai/events/30009-china-s-yuan-hits-seven-month-low-as-dollar-outflows-persist-finimize.md) | +0.0% | -0.5% |
| USDCNY | 2024-05-30 | [Yuan Hits Six-Month Low Amid Dollar Surge - Finimize](https://feedsoft.ai/events/30493-yuan-hits-six-month-low-amid-dollar-surge-finimize.md) | -0.0% | +0.3% |
| USDCNY | 2016-11-14 | [Chinese yuan tumbles to a seven-year low as dollar surges \| South China Morning Post](https://feedsoft.ai/events/7742-chinese-yuan-tumbles-to-a-seven-year-low-as-dollar-surges-south-china-morning.md) | +1.3% | +1.6% |

## Sources

- reuters.com: https://www.reuters.com/article/global-forex-idUSL8N1DF4H8/?feedName=usDollarRpt&feedType=RSS

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