# The US Dollar just hit a 19-month high — and the Fed isn't done

> The US Dollar Index reached its highest level since April 2025, up about 8% since late January. The Fed raised rates once, to 3.75%-4.00% in September, and futures price three or four further quarter-point hikes by September 2027.

- Date: 2026-11-12 · published 2026-11-12T21:13:09.359Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/96539-the-us-dollar-just-hit-a-19-month-high-and-the-fed-isn-t-done
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A strong dollar makes US commodities pricier for foreign buyers and can weigh on US export demand for feed grains and meals, while supporting import affordability for dollar-based buyers. The rate outlook suggests the currency headwind may persist.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-17 | [COVID-19 and the US dollar](https://feedsoft.ai/events/54308-covid-19-and-the-us-dollar.md) | +4.3% | +1.3% |
| DXY | 2019-09-03 | [US dollar just hit 2-year high, closes in on another major milestone](https://feedsoft.ai/events/12331-us-dollar-just-hit-2-year-high-closes-in-on-another-major-milestone.md) | -0.9% | -0.2% |
| DXY | 2024-06-07 | [Dollar rises to highest in a month - Moneyweb](https://feedsoft.ai/events/8476-dollar-rises-to-highest-in-a-month-moneyweb.md) | +1.4% | +0.8% |
| 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 | 2026-06-24 | [U.S. dollar rises to 13-month high on Fed rate hike views](https://feedsoft.ai/events/11992-u-s-dollar-rises-to-13-month-high-on-fed-rate-hike-views.md) | -0.1% | -0.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/the-us-dollar-just-hit-a-19-month-high-and-the-fed-isnt-done-202611121829

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