# Dollar Jumps and Gold Falls on Hot US CPI and Hawkish Fed Comments

> US October CPI rose 0.4% month over month, above the 0.3% forecast, while core CPI rose 0.3%, also exceeding expectations. Fed Governor Christopher Waller said he supports a December rate increase and would consider a half-point move if inflation remains elevated; the dollar strengthened and the euro fell.

- Date: 2026-11-10 · published 2026-11-10T18:10:33.921Z
- Category: macro · region United States · magnitude medium
- Page: https://feedsoft.ai/events/92060-dollar-jumps-and-gold-falls-on-hot-us-cpi-and-hawkish-fed-comments
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Hotter inflation and expectations of tighter US monetary policy support the dollar, which can weigh on dollar-denominated commodity prices. Higher rates may also restrain demand through tighter financial conditions.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-29 | [Asian currencies edge lower as US dollar jumps on hawkish Fed](https://feedsoft.ai/events/35726-asian-currencies-edge-lower-as-us-dollar-jumps-on-hawkish-fed.md) | +0.4% | -1.2% |
| DXY | 2020-09-22 | [Dollar rises on hawkish comments; stocks end up](https://feedsoft.ai/events/7693-dollar-rises-on-hawkish-comments-stocks-end-up.md) | +1.1% | -1.0% |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |
| DXY | 2022-01-27 | [Dollar rise drags copper lower on hawkish U.S. Fed comments \| Financial Post](https://feedsoft.ai/events/43047-dollar-rise-drags-copper-lower-on-hawkish-u-s-fed-comments-financial-post.md) | +0.1% | +0.7% |
| DXY | 2026-06-18 | [Dollar Rallies on Fed’s Hawkish Hold; BoE Awaited \| Investing.com](https://feedsoft.ai/events/19063-dollar-rallies-on-fed-s-hawkish-hold-boe-awaited-investing-com.md) | +1.4% | +1.0% |
| EURUSD | 2023-11-30 | [US dollar falls on dovish remarks by Fed's Powell](https://feedsoft.ai/events/32901-us-dollar-falls-on-dovish-remarks-by-fed-s-powell.md) | -1.6% | +0.9% |
| EURUSD | 2020-09-23 | [Dollar Strengthens; Helped by Housing Data and Fed Comments](https://feedsoft.ai/events/7700-dollar-strengthens-helped-by-housing-data-and-fed-comments.md) | +0.1% | +1.4% |
| EURUSD | 2024-06-07 | [Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede](https://feedsoft.ai/events/8477-dollar-rallies-and-gold-sinks-as-fed-rate-cut-hopes-recede.md) | -1.2% | -0.4% |

## Sources

- barchart.com: https://www.barchart.com/story/news/8760314/dollar-jumps-and-gold-falls-on-hot-us-cpi-and-hawkish-fed-comments

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