# US dollar extends surge as Trump's triumph boosts inflation outlook - The Business Times

> The US dollar surged to its strongest level since March as investors priced in a Donald Trump administration and higher inflation expectations. Ten-year Treasury yields topped 2 percent, and the dollar gained against most major peers after having weakened sharply against the yen on election night.

- Date: 2016-11-10 · published 2016-11-10T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/8179-us-dollar-extends-surge-as-trump-s-triumph-boosts-inflation-outlook-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger dollar and higher US yields lower the dollar value of US grain and meal exports and raise financing costs for global feed buyers. Expectations of Fed rate increases reinforce this pressure.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2016-11-16 | 5 | +3.1% | 3.9 | The dollar rose to its strongest since March as 10-year yields topped 2%, which is part of the early window move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-03-04 | [US dollar extends rising streak even as euro slips - The Business Times](https://feedsoft.ai/events/60270-us-dollar-extends-rising-streak-even-as-euro-slips-the-business-times.md) | +0.7% | +0.5% |
| DXY | 2018-10-17 | [Dollar extends gains as traders await Fed minutes - The Business Times](https://feedsoft.ai/events/62717-dollar-extends-gains-as-traders-await-fed-minutes-the-business-times.md) | +1.1% | +2.3% |
| DXY | 2024-06-11 | [Euro drops to a one-month low; US dollar firms ahead of key inflation test  - The Business Times](https://feedsoft.ai/events/29986-euro-drops-to-a-one-month-low-us-dollar-firms-ahead-of-key-inflation-test-the.md) | +0.3% | -0.6% |
| DXY | 2021-07-13 | [Pound extends fall after US inflation data lifts dollar - Markets - Business Recorder](https://feedsoft.ai/events/46308-pound-extends-fall-after-us-inflation-data-lifts-dollar-markets-business.md) | +0.7% | +0.6% |
| DXY | 2022-02-11 | [Rate hike bets support the dollar amid surging US inflation - Markets - Business Recorder](https://feedsoft.ai/events/42876-rate-hike-bets-support-the-dollar-amid-surging-us-inflation-markets-business.md) | +0.1% | +2.2% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/us-dollar-extends-surge-trumps-triumph-boosts-inflation-outlook

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