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The US dollar hit a 19-month high near 103 on the DXY as markets priced in further Fed rate hikes. Traders saw a 12% chance of a 50 basis point hike in December, and a 78% probability of three hikes within 12 months after Donald Trump said the US did not need a deal with Iran.
USDJPY tested 160, prompting verbal intervention warnings from Japan's finance minister.
A stronger dollar makes US-priced grains, oilseeds and meals more expensive for importers and tends to pressure dollar-denominated commodity prices. Higher US rates also raise the cost of carrying inventory and financing for feed buyers.
fxstreet.comAlexander KuptsikevichNov 13, 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.
