# FOREX-Dollar reaches 19-month high as rate expectations dominate

> The dollar rose to its highest level in about 19 months after a hawkish reassessment of Fed policy followed hotter-than-expected CPI data. The euro fell to its lowest level against the dollar since April 2025, and traders priced a 91% chance of a December Fed hike, with the 2-year Treasury yield near 4.835%.

- Date: 2026-11-12 · published 2026-11-12T18:10:10.538Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/95855-forex-dollar-reaches-19-month-high-as-rate-expectations-dominate
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher US yields lower the dollar value of imported commodities for non-US buyers and tend to pull down US commodity futures. The move also raises the cost of carrying grain and feed inventories.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-24 | [US dollar strengthens to 13-month high on Fed rate hike expectations \| Reuters](https://feedsoft.ai/events/11985-us-dollar-strengthens-to-13-month-high-on-fed-rate-hike-expectations-reuters.md) | -0.1% | -0.4% |
| DXY | 2022-10-31 | [Dollar gains on Fed rate hike expectations](https://feedsoft.ai/events/39325-dollar-gains-on-fed-rate-hike-expectations.md) | -0.1% | -2.8% |
| DXY | 2026-10-14 | [Dollar hits fresh 18-month high as hot inflation boosts Fed hike expectation](https://feedsoft.ai/events/649-dollar-hits-fresh-18-month-high-as-hot-inflation-boosts-fed-hike-expectation.md) | -0.3% | — |
| DXY | 2024-11-15 | [Dollar notches weekly gain as traders reassess rate cut expectations](https://feedsoft.ai/events/12704-dollar-notches-weekly-gain-as-traders-reassess-rate-cut-expectations.md) | +0.1% | +0.2% |
| DXY | 2023-04-17 | [Dollar rebounds on higher expectations for Fed hike in May \| IBTimes UK](https://feedsoft.ai/events/36609-dollar-rebounds-on-higher-expectations-for-fed-hike-in-may-ibtimes-uk.md) | +0.4% | +0.4% |

## Sources

- devdiscourse.com: https://www.devdiscourse.com/article/international/4006116-forex-dollar-reaches-19-month-high-asrate-expectations-dominate

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