# Dollar climbs as traders raise December Fed hike bets

> The dollar strengthened against major currencies after hot October CPI data and hawkish remarks from Fed officials. Traders raised the probability of a 25-basis-point December hike to 87% from about 70% a month earlier, and the dollar rose 0.69% to 159.84 per yen. The euro fell 0.65% to $1.11, its lowest since May 2025.

- Date: 2026-11-11 · published 2026-11-12T12:10:45.732Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/95412-dollar-climbs-as-traders-raise-december-fed-hike-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Higher expected US rates support the dollar, which tends to lower dollar-denominated commodity prices and makes US feed exports less competitive against weaker-currency suppliers such as Brazil and Argentina.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |
| DXY | 2026-05-15 | [Dollar climbs for fifth straight day as Fed rate hike bets grow](https://feedsoft.ai/events/19469-dollar-climbs-for-fifth-straight-day-as-fed-rate-hike-bets-grow.md) | +0.6% | +0.7% |
| DXY | 2026-06-23 | [Dollar climbs to 13-month high on Fed hike bets, safe-haven bid \| Reuters](https://feedsoft.ai/events/11987-dollar-climbs-to-13-month-high-on-fed-hike-bets-safe-haven-bid-reuters.md) | +0.3% | +0.0% |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| DXY | 2021-09-29 | [Dollar at 2021 highs as traders brace for Fed taper](https://feedsoft.ai/events/45259-dollar-at-2021-highs-as-traders-brace-for-fed-taper.md) | +0.1% | -0.5% |
| EURUSD | 2016-10-11 | [Dollar climbs to 7-month peak on rate hike bets; pound plunges](https://feedsoft.ai/events/5892-dollar-climbs-to-7-month-peak-on-rate-hike-bets-pound-plunges.md) | -1.4% | -1.1% |
| EURUSD | 2022-07-20 | [Dollar rises vs euro as traders eye ECB rate decision](https://feedsoft.ai/events/40712-dollar-rises-vs-euro-as-traders-eye-ecb-rate-decision.md) | -1.2% | -0.6% |
| EURUSD | 2026-06-18 | [US dollar rally builds as hawkish Fed meeting stokes rate-hike bets \| The Straits Times](https://feedsoft.ai/events/11517-us-dollar-rally-builds-as-hawkish-fed-meeting-stokes-rate-hike-bets-the-straits.md) | -1.8% | -1.3% |

## Sources

- livemint.com: https://www.livemint.com/market/dollar-climbs-as-traders-raise-december-fed-hike-bets-11794431410639.html

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