# Greenback zooms on bets U.S. can absorb higher rates

> The dollar index hit its highest level since the 2025 tariff shock after its biggest two-day rise in five months, with the euro falling to 19-month lows and the yen to two-month lows. The rally followed a hot U.S. CPI report and a repricing of Fed policy, with futures pricing a 12% chance of a half-point hike and about another quarter-point over the year ahead. Two-year yield spreads against the euro zone and Japan widened by up to 15 basis points.

- Date: 2026-11-12 · published 2026-11-12T15:13:04.031Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/95722-greenback-zooms-on-bets-u-s-can-absorb-higher-rates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A sharply stronger dollar and widening rate gaps pressure dollar-denominated grain, oilseed and meal prices by making US supplies more expensive abroad, while weakening currencies in importing countries can curb their purchasing power. Buyers may see US feed ingredients soften relative to competitors.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-30 | [US dollar holds near 13-month high as yen's slide, Fed rate hike bets boost the greenback](https://feedsoft.ai/events/19010-us-dollar-holds-near-13-month-high-as-yen-s-slide-fed-rate-hike-bets-boost-the.md) | -0.1% | -0.3% |
| DXY | 2019-08-01 | [Mid-Course Correction Sends Greenback Higher - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/57512-mid-course-correction-sends-greenback-higher-marc-to-market-marc-chandler-on.md) | +1.1% | +2.1% |
| DXY | 2023-05-01 | [US dollar edges higher as GDP, jobless claims affirm rate hike bets](https://feedsoft.ai/events/36302-us-dollar-edges-higher-as-gdp-jobless-claims-affirm-rate-hike-bets.md) | -0.6% | +1.2% |
| DXY | 2026-08-31 | [Rand Gives Back Gains After Fed Signals Higher Rates - Finimize](https://feedsoft.ai/events/18184-rand-gives-back-gains-after-fed-signals-higher-rates-finimize.md) | -0.6% | +1.6% |
| 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% |
| EURUSD | 2021-10-28 | [ECB's Lagarde sees higher inflation; pushes back on rate-hike bets \| Reuters](https://feedsoft.ai/events/7162-ecb-s-lagarde-sees-higher-inflation-pushes-back-on-rate-hike-bets-reuters.md) | -0.1% | -2.6% |
| EURUSD | 2016-12-15 | [Dollar charges higher after Fed hikes rates](https://feedsoft.ai/events/6465-dollar-charges-higher-after-fed-hikes-rates.md) | -2.2% | -0.3% |
| EURUSD | 2025-04-17 | [VIEW ECB cuts rates again to buffer economy from U.S. tariff hit](https://feedsoft.ai/events/25336-view-ecb-cuts-rates-again-to-buffer-economy-from-u-s-tariff-hit.md) | -0.3% | -1.5% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/article-greenback-zooms-on-bets-us-can-absorb-higher-rates/

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