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The dollar index reached 103.08, its highest level since April 2025, as rising Fed rate hike bets widened interest rate gaps with other major economies. The euro fell to about $1.11, its weakest since May 2025, and USD/JPY closed near 159.81, with Japanese officials issuing warnings.
Traders are watching the October Producer Price Index report due Friday.
A firmer dollar makes US commodities more expensive for buyers using weaker currencies and tends to weigh on dollar-denominated futures prices. A weaker yen and euro can also shift import costs and buying patterns for feed commodities in those markets.
tipranks.comNov 12, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
