# Dollar near 11-month highs as upbeat US data gives rally fresh legs

> The dollar stood near an 11-month high against a basket of currencies after stronger-than-expected U.S. October retail sales data. The figures lifted Treasury yields and reinforced expectations of a Federal Reserve rate hike in December.

- Date: 2016-11-16 · published 2016-11-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/8330-dollar-near-11-month-highs-as-upbeat-us-data-gives-rally-fresh-legs
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Firmer U.S. economic data and rate-hike expectations support the dollar, a modest headwind for U.S. feed commodity export demand.

## 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 retail sales pushed Treasury yields up and kept the dollar near highs, giving the rally fresh momentum. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-21 | [US dollar flat to modestly higher as upbeat data backs May rate hike](https://feedsoft.ai/events/36297-us-dollar-flat-to-modestly-higher-as-upbeat-data-backs-may-rate-hike.md) | +0.3% | +0.8% |
| DXY | 2024-01-17 | [Dollar hits new one-month high as data weighs on rate cut hopes](https://feedsoft.ai/events/32291-dollar-hits-new-one-month-high-as-data-weighs-on-rate-cut-hopes.md) | +0.4% | +0.8% |
| DXY | 2018-06-20 | [Dollar hovers near 11-month high as trade concerns weigh](https://feedsoft.ai/events/8535-dollar-hovers-near-11-month-high-as-trade-concerns-weigh.md) | -0.3% | -0.3% |
| DXY | 2026-09-24 | [Dollar Holds Near Two-Month High As Rate Bets Reset - Finimize](https://feedsoft.ai/events/17644-dollar-holds-near-two-month-high-as-rate-bets-reset-finimize.md) | +0.7% | +1.0% |
| DXY | 2026-10-01 | [Dollar Hits Near 18-Month High on Prospect of Higher U.S. Rates -- 2nd Update](https://feedsoft.ai/events/17226-dollar-hits-near-18-month-high-on-prospect-of-higher-u-s-rates-2nd-update.md) | +0.2% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/article/global-forex-idUSL4N1DH01T/?feedName=usDollarRpt&feedType=RSS

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