# FX Daily: Don't mess with the dollar near term | ING THINK

> The dollar rallied strongly this week as short-dated US yields rose about 40bp after Fed Governor Waller floated a 50bp hike in December. Markets now price back-to-back December and January hikes, with a total of about 85bp of tightening.

- Date: 2026-11-13 · published 2026-11-13T09:10:55.301Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/97520-fx-daily-don-t-mess-with-the-dollar-near-term-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher US rates tighten financial conditions for dollar-priced commodities and make imports costlier for emerging-market feed buyers, which can pressure grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | [FX Daily: Dollar boom \| ING THINK](https://feedsoft.ai/events/7376-fx-daily-dollar-boom-ing-think.md) | +0.1% | -0.4% |
| DXY | 2025-10-30 | [FX Daily: Fed discord delays dollar drop \| ING THINK](https://feedsoft.ai/events/22615-fx-daily-fed-discord-delays-dollar-drop-ing-think.md) | +1.1% | +0.4% |
| DXY | 2021-09-28 | [FX Daily: Dollar getting a lift from the short end \| articles \| ING THINK](https://feedsoft.ai/events/45257-fx-daily-dollar-getting-a-lift-from-the-short-end-articles-ing-think.md) | +0.5% | -0.1% |
| DXY | 2023-10-27 | [FX Daily: Stark growth gap makes the dollar even harder to sell \| articles \| ING THINK](https://feedsoft.ai/events/33842-fx-daily-stark-growth-gap-makes-the-dollar-even-harder-to-sell-articles-ing.md) | -0.9% | -3.1% |
| DXY | 2024-04-17 | [FX Daily: The big unwinding \| articles \| ING THINK](https://feedsoft.ai/events/30940-fx-daily-the-big-unwinding-articles-ing-think.md) | -0.3% | -1.0% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-dont-mess-with-the-dollar/

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