# United States: Growth and labour momentum support US Dollar – RBC Economics

> RBC Economics raised its US GDP forecasts to an average of 2.4% for 2026 and 2027 and expects unemployment near 4.2%. It sees building core inflation and producer-price pressures pointing to further Fed tightening and a larger US hiking cycle than Canada's.

- Date: 2026-11-13 · published 2026-11-13T06:10:26.518Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/97222-united-states-growth-and-labour-momentum-support-us-dollar-rbc-economics
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A forecast of stronger US growth and tighter Fed policy supports the dollar, which tends to pressure dollar-priced commodities and raises the relative cost of imports for buyers in other currencies.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-26 | [Dollar edges up as US economic growth accelerates](https://feedsoft.ai/events/33870-dollar-edges-up-as-us-economic-growth-accelerates.md) | +0.0% | -2.9% |
| DXY | 2024-04-25 | [Dollar sags after mixed US growth and inflation report, except against yen](https://feedsoft.ai/events/30903-dollar-sags-after-mixed-us-growth-and-inflation-report-except-against-yen.md) | +0.1% | -1.1% |
| DXY | 2024-08-28 | [US dollar advances on month-end demand; focus on economic data](https://feedsoft.ai/events/28982-us-dollar-advances-on-month-end-demand-focus-on-economic-data.md) | +0.5% | -0.3% |
| DXY | 2026-06-29 | [US Dollar: Supported with elevated real yields – MUFG](https://feedsoft.ai/events/19014-us-dollar-supported-with-elevated-real-yields-mufg.md) | -0.0% | -0.1% |
| DXY | 2026-06-18 | [United States Dollar Index: Hawkish Fed repricing supports gains – Deutsche Bank](https://feedsoft.ai/events/18714-united-states-dollar-index-hawkish-fed-repricing-supports-gains-deutsche-bank.md) | +1.4% | +1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/united-states-growth-and-labour-momentum-support-us-dollar-rbc-economics-202611130230

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