# Dollar hovers at 11-month high after upbeat U.S. data

> The dollar held near an 11-month high against a basket of currencies after unexpectedly strong U.S. October retail sales data. The data revived bond selling and reinforced expectations of a Federal Reserve rate increase in December.

- Date: 2016-11-15 · published 2016-11-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/7744-dollar-hovers-at-11-month-high-after-upbeat-u-s-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger U.S. data and expected Fed tightening support the dollar, which can weigh on dollar-priced agricultural commodities. The impact is modest because the move follows an existing trend.

## Read by commodity

- DXY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2016-11-16 | 5 | +3.1% | 3.9 | Strong October retail sales on 11/15 reinforced December Fed hike expectations and lifted yields and the dollar. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-25 | [Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data](https://feedsoft.ai/events/19034-euro-stabilizes-near-13-month-lows-against-the-us-dollar-after-in-line-us.md) | -0.2% | -0.4% |
| DXY | 2026-02-27 | [U.S. dollar heads for first monthly gain since October](https://feedsoft.ai/events/7898-u-s-dollar-heads-for-first-monthly-gain-since-october.md) | +1.4% | +2.1% |
| DXY | 2023-02-06 | [Australia, NZ dollars nurse heavy losses after hot U.S. jobs data; RBA next up - Markets - Business Recorder](https://feedsoft.ai/events/37591-australia-nz-dollars-nurse-heavy-losses-after-hot-u-s-jobs-data-rba-next-up.md) | +0.5% | +0.8% |
| DXY | 2026-08-26 | [Euro comes under pressure against US Dollar after mixed US PCE data](https://feedsoft.ai/events/18103-euro-comes-under-pressure-against-us-dollar-after-mixed-us-pce-data.md) | +0.4% | +1.6% |
| DXY | 2019-12-06 | [Dollar gains after stronger-than-expected U.S. jobs report \| Reuters](https://feedsoft.ai/events/55796-dollar-gains-after-stronger-than-expected-u-s-jobs-report-reuters.md) | -0.4% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/global-forex-idUSL8N1DG5F6/?feedName=usDollarRpt&feedType=RSS

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