# Forex is banking on the Fed

> 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.

- Date: 2026-11-13 · published 2026-11-13T15:10:37.193Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/97989-forex-is-banking-on-the-fed
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-06-17 | [The Fed Is Driving Down Oil Prices \| OilPrice.com](https://feedsoft.ai/events/64443-the-fed-is-driving-down-oil-prices-oilprice-com.md) | -0.0% | -0.4% |
| DXY | 2021-07-15 | [The loonie is sinking fast – and the Fed is to blame - The Globe and Mail](https://feedsoft.ai/events/46277-the-loonie-is-sinking-fast-and-the-fed-is-to-blame-the-globe-and-mail.md) | +0.5% | +0.4% |
| DXY | 2018-09-28 | [Fed rate hike has effect on forex trading in China - CGTN](https://feedsoft.ai/events/63268-fed-rate-hike-has-effect-on-forex-trading-in-china-cgtn.md) | +0.6% | +1.3% |
| DXY | 2023-02-27 | [Why inflation in the U.S. is a problem for the Bank of Canada](https://feedsoft.ai/events/37582-why-inflation-in-the-u-s-is-a-problem-for-the-bank-of-canada.md) | -0.7% | -0.9% |
| DXY | 2024-12-19 | [The Commodities Feed: Fed comments weigh on the complex \| ING THINK](https://feedsoft.ai/events/26850-the-commodities-feed-fed-comments-weigh-on-the-complex-ing-think.md) | +0.5% | +1.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/forex-is-banking-on-the-fed-202611131441

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