US Dollar Hits Highest Levels Since April 2025 on Fed Rate Hike Speculation

Key Facts

The US Dollar maintained its bullish momentum to revisit levels last seen in April 2025. FXStreet reported that speculation is growing among investors regarding a potential half-point interest rate hike by the Federal Reserve, driving sustained demand for the currency.

This rally follows mixed economic signals, with Initial Jobless Claims reaching 200,000 on November 12, 2026, slightly exceeding the forecast of 195,000. Additionally, the Super Core CPI recorded a monthly increase of 0.44% on November 10, 2026, coming in higher than the anticipated 0.4%.

Markets are now awaiting the Producer Price Index (PPI) data scheduled for release on November 13, 2026, with a forecast of 0.4% monthly growth. Fed Governor Bowman is also scheduled to speak on the same day, which may provide further clarity on the future path of monetary policy.