15:08 - 11.11.2026

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November 11, Fineko/abcnews. The US dollar strengthened against major currencies on Wednesday, extending its rally after hotter-than-expected inflation data and aggressive signals from Federal Reserve officials triggered a surge in rate-hike wagers for December.

The US Dollar Index (DXY) climbed toward 102.3, nearing a two-week high.

Fed Governor Christopher Waller and Dallas Fed President Lorie Logan both signaled that stubborn inflation warrants further monetary tightening, even opening the door to a potential 50-basis-point rate increase next month. According to the CME FedWatch tool, financial markets are now pricing in a 91% probability of a rate hike at the Fed's upcoming meeting on December 9, driving Treasury yields higher and putting pressure on risk assets.