# The FX Trader: How much further can USD rally extend?

> The US dollar surged after hotter-than-expected October CPI and hawkish Fed comments, with two-year Treasury yields up 25bp. Markets now price more than three further hikes by mid-next year, even as oil prices have eased.

- Date: 2026-11-13 · published 2026-11-13T09:10:55.359Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/97521-the-fx-trader-how-much-further-can-usd-rally-extend
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rates and a firmer dollar weigh on dollar-denominated commodity prices and raise the cost of imported feed inputs for buyers in weaker-currency markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-03-01 | [USD/JPY: After Post GDP High, How Much Further Can it Rise? \| Investing.com](https://feedsoft.ai/events/60325-usd-jpy-after-post-gdp-high-how-much-further-can-it-rise-investing-com.md) | +1.1% | +0.9% |
| DXY | 2018-02-28 | [USD extends rally after Powell testimony and stock market drop. AUD can’t hold US 78 cents - OFX](https://feedsoft.ai/events/66747-usd-extends-rally-after-powell-testimony-and-stock-market-drop-aud-can-t-hold.md) | -0.1% | -0.5% |
| DXY | 2021-07-01 | [USD/INR: Rupee Extends Losses; Further Depreciation Likely](https://feedsoft.ai/events/46348-usd-inr-rupee-extends-losses-further-depreciation-likely.md) | +0.5% | -0.1% |
| DXY | 2024-12-31 | [Why the Dollar’s Epic Rally Could Have a Little Further to Run - WSJ](https://feedsoft.ai/events/27134-why-the-dollar-s-epic-rally-could-have-a-little-further-to-run-wsj.md) | -0.2% | -0.4% |
| DXY | 2024-03-28 | [USD gains on Fed Waller’s ‘no rush’ comment but may struggle to extend further – Scotiabank — Octa](https://feedsoft.ai/events/31390-usd-gains-on-fed-waller-s-no-rush-comment-but-may-struggle-to-extend-further.md) | +0.0% | +1.6% |

## Sources

- home.saxo: https://www.home.saxo/en-mena/content/articles/forex/the-fx-trader-how-much-further-can-usd-rally-extend-13112026

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