• 265 days Could Crypto Overtake Traditional Investment?
  • 270 days Americans Still Quitting Jobs At Record Pace
  • 272 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 275 days Is The Dollar Too Strong?
  • 275 days Big Tech Disappoints Investors on Earnings Calls
  • 276 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 278 days China Is Quietly Trying To Distance Itself From Russia
  • 278 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 282 days Crypto Investors Won Big In 2021
  • 282 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 283 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 285 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 286 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 289 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 290 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 290 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 292 days Are NFTs About To Take Over Gaming?
  • 293 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 296 days What’s Causing Inflation In The United States?
  • 297 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

US Dollar Surges, December Rate Hike Odds Soar Following Strong Jobs Report

Following today's jobs report the odds of a December rate hike approached 70% and the US dollar index surged.


December Rate Hike Odds

December Rate Hike Odds

According to CME Fedwatch Stats, and based on futures quotes, the odds of a December hike surged to 69.8% today, from 58.1% yesterday, and a mere 4.6% a month ago following last month's dismal jobs report.


US Dollar Index 15-Minute Chart

US Dollar Index 15-Minute Chart


US Dollar Index Monthly Chart

US Dollar Index Monthly Chart

The last monthly close above 100 was in 2003.

The reason for the rate hike and dollar surge can be found in today's jobs report. For details, please see Strong Payroll Bounce +271,000; December Rate Hike Likely.

 

Back to homepage

Leave a comment

Leave a comment