◂ Event Timeline

Nov 18, 2016MACROUS

Dollar index set for biggest 2-week rise in 20 months

The dollar index rose to its highest level since April 2003 and was on track for its largest two-week gain since March 2015. Traders are betting on fiscal stimulus under a Trump presidency and on Federal Reserve rate hikes.

WHY IT MATTERS

A sharp dollar rally raises the cost of U.S. feed commodity exports and can pressure futures prices for corn, soybeans and meal.

AFFECTSUS Dollar (Broad)▲

SOURCE
cnbc.comReutersNov 18, 2016

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d +0.6%5d +1.0%20d +1.3%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Jan 28, 2022Dollar poised for biggest weekly rise in 7 months on rate bets-0.9%
Dec 13, 2024Dollar set for best week in a month on cautious Fed outlook for 2025+1.3%
Nov 8, 2024Gold logs biggest weekly fall in over five months on dollar strength+1.7%
Oct 1, 2021Dollar heads for best week in months as Fed tightening looms-0.1%
Oct 2, 2026FOREX-Euro set for biggest weekly fall in months vs dollar as France fiscal trajectory weighs | International-0.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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