# Dollar index surges to 14-year high

> The dollar index rose to a 14-year high after a week-long rally driven by post-election U.S. bond yield gains. The euro fell below $1.07 for the first time since December 2015, and the dollar rose against the yen.

- Date: 2016-11-16 · published 2016-11-16T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/8327-dollar-index-surges-to-14-year-high
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of Federal Reserve rate hikes and U.S. fiscal stimulus are strengthening the dollar, which tends to weigh on U.S. feed commodity export competitiveness.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2016-11-16 | 5 | +3.1% | 3.9 | Dollar index hit a 14-year high on 11/16 with the euro below $1.07, which is the endpoint of the measured move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-16 | [Dollar index rises to 14-year high, pullback expected](https://feedsoft.ai/events/8332-dollar-index-rises-to-14-year-high-pullback-expected.md) | +0.6% | -0.0% |
| 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 | 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% |
| DXY | 2016-11-14 | [Dollar surges to 11-month high as bond rout persists](https://feedsoft.ai/events/7743-dollar-surges-to-11-month-high-as-bond-rout-persists.md) | +1.4% | +0.8% |
| DXY | 2024-11-13 | [Dollar hits one-year high on Trump trades](https://feedsoft.ai/events/7556-dollar-hits-one-year-high-on-trump-trades.md) | -0.3% | +0.1% |
| EURUSD | 2016-11-16 | [Dollar index rises to 14-year high, pullback expected](https://feedsoft.ai/events/8332-dollar-index-rises-to-14-year-high-pullback-expected.md) | -1.0% | -0.7% |
| EURUSD | 2016-11-14 | [Dollar surges to 11-month high as bond rout persists](https://feedsoft.ai/events/7743-dollar-surges-to-11-month-high-as-bond-rout-persists.md) | -2.6% | -2.5% |
| EURUSD | 2024-11-13 | [Dollar hits one-year high on Trump trades](https://feedsoft.ai/events/7556-dollar-hits-one-year-high-on-trump-trades.md) | -0.2% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/global-forex-idUSL8N1DH3JJ/?feedName=usDollarRpt&feedType=RSS

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