# Forex Today: US inflation is back

> The US Dollar Index rose past 103.00 to new 18-month highs as markets increasingly priced in another Federal Reserve rate hike at the December meeting. EUR/USD fell toward 1.1050, GBP/USD dropped to multi-week lows near 1.3200, and USD/JPY neared 160.00.

- Date: 2026-11-12 · published 2026-11-12T18:10:10.405Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/95853-forex-today-us-inflation-is-back
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes dollar-priced grains, oilseeds and meals more expensive for non-US buyers and tends to pressure US commodity prices. Rising Fed hike expectations also raise financing costs for feed importers and storage.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-05-30 | [Inflation is the Key \| OANDA](https://feedsoft.ai/events/71216-inflation-is-the-key-oanda.md) | -0.4% | -0.6% |
| DXY | 2023-02-27 | [Why inflation in the U.S. is a problem for the Bank of Canada](https://feedsoft.ai/events/37582-why-inflation-in-the-u-s-is-a-problem-for-the-bank-of-canada.md) | -0.7% | -0.9% |
| DXY | 2024-01-31 | [Forex Today: The US labour market comes to the fore](https://feedsoft.ai/events/32035-forex-today-the-us-labour-market-comes-to-the-fore.md) | +0.3% | +0.4% |
| DXY | 2023-04-28 | [US dollar firms as inflation data backs Fed hike; yen plunges](https://feedsoft.ai/events/36576-us-dollar-firms-as-inflation-data-backs-fed-hike-yen-plunges.md) | -0.3% | +1.2% |
| DXY | 2026-06-01 | [Investors expect US dollar to break higher as Fed battles inflation](https://feedsoft.ai/events/19465-investors-expect-us-dollar-to-break-higher-as-fed-battles-inflation.md) | +1.0% | +1.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/forex-today-us-inflation-is-back-202611121747

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