EL7.AI
ForexMedium•13 November 2026•
1 min read

US Dollar Extends Rally on Expectations of Aggressive Fed Rate Hikes

Key Facts

1ING analysts highlight a strong Dollar rally as markets price in back-to-back Fed hikes in December and January.
2Markets are currently pricing in approximately 85 basis points of tightening over the upcoming Fed meetings.

ING analysts highlight a sustained US Dollar rally as financial markets price in back-to-back interest rate hikes by the Federal Reserve. FXStreet reported that traders are currently factoring in approximately 85 basis points of monetary tightening over the upcoming Fed meetings scheduled for December and January.

The bullish momentum for the greenback follows data released on November 10, 2026, showing the US monthly inflation rate reached 0.4%, exceeding the 0.3% forecast. Additionally, the Super Core CPI rose by 0.44% on the same date, supporting the shift toward more aggressive policy expectations.

Federal Reserve Chair Kevin Warsh is scheduled to deliver a speech on November 16, 2026. This event, alongside the release of the NY Empire State Manufacturing Index on the same day, is expected to provide further clarity on the central bank's tightening path.

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