Dollar hits 102.02 as hot October CPI fuels rate-hike bets: Nov 11, 2026
The dollar jumped to 102.02, its highest since May 2025 and a 19-month high, posting its biggest daily gain since September. The move followed hot October U.S. CPI data that fueled bets for a December Federal Reserve rate hike, with CME FedWatch showing a 95.6% to 100% chance of a 25bp increase as Treasury yields moved above 5%. Asian currencies softened on the stronger dollar, while Nasdaq 100 futures fell nearly 1% and gold dropped to $4,049.50.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 2 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 11:39Bullish
- 11:55Neutral
Headlines (12)
First seen on November 11
- US 2-year yield jumps 19 bps to 4.75% on hot October core CPI, Fed hike signalsgelonghui.com
- Asian Currencies Soften After U.S. CPI Data Boosts DollarThe Wall Street Journal
- US Oct CPI Beats Expectations Third Time, Waller Flags 25bp Dec Hike, 50bp Not Ruled Outflash.jin10.com
- Dollar rises to highest since May 2025 as Fed rate-hike bets heat upcls.cn
- DXY Hits 19-Month High: Was the ‘Dollar Is Dying’ Crowd Wrong?BeInCrypto
Carried over from earlier days
- CME FedWatch: Market Sees 95.6% Chance of 25bp Fed Hike in Decembercls.cn
- Waller puts December rate-hike odds at 99% ahead of tonight's CPI releaseflash.jin10.com
- CME FedWatch Shows 100% Chance of Fed Rate Hike in December Ahead of US October CPIflash.jin10.com
- Dollar jumps to 102.02 after October CPI, Nasdaq 100 futures fall nearly 1%, gold drops to $4049.50wallstreetcn.com
- European stocks mostly higher as hot US CPI sends Treasury yields above 5%InvestingLive
- Dollar posts biggest daily gain since September as hot October CPI fuels December hike betsflash.jin10.com
- Fed rate-hike bets surge as Logan, Bowman, Schmid turn hawkish; 2-year yield jumps 19 bpsflash.jin10.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 11 | ||
| Prelim Machine Tool Orders y/y | JPY | |
| German Final CPI m/m | -0.2% | EUR |
| French Bank Holiday | EUR | |
| Unemployment Rate | CHF | |
| German Buba President Nagel Speaks | EUR | |
| Italian Industrial Production m/m | 0.7% | EUR |
| M2 Money Supply y/y | 7.2% | CNY |
| New Loans | 80B | CNY |