Geopolitics Alpha

Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations

Published . Updated .

Key takeaways

  • FXStreet reports — The US dollar index reached a new high since April 2025 during the Asian session on Thursday, as bulls pushed toward the 103 level.
  • Exposed: TLT, IEF, TIP, UUP, JPM
  • Market reaction: TLT −1.5% on the day; IEF −0.7% on the day; DHI −2.1% on the day

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Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations

FXStreet reports — The US dollar index reached a new high since April 2025 during the Asian session on Thursday, as bulls pushed toward the 103 level. Above-exp

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond ETF+0.2% 17d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • IEF iShares 7-10 Year Treasury Bond ETF+0.1% 17d

    iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • UUP Invesco DB US Dollar Index Bullish Fund+1.9% 30d

    Invesco DB US Dollar Index Bullish Fund: it tracks currencies. Linked by “dollar index” (currencies) in this story.

  • TIP iShares TIPS Bond ETF+0.7% 17d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • AAXJ iShares MSCI All Country Asia ex Japan ETF-9.5% 8d

    iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Asia

  • EFA iShares MSCI EAFE ETF-0.7% 6d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Asia

  • JPM JPMorgan Chase-1.4% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT+1.21%+1.27%base-1.49%after closeafter closeafter close
IEF+1.16%+0.95%base-0.70%after closeafter closeafter close
UUP-1.46%-1.31%base+0.20%after closeafter closeafter close
TIP+0.93%+0.72%base-0.46%after closeafter closeafter close
AAXJ-7.07%-1.95%base-1.60%after closeafter closeafter close
BWX+1.13%+1.50%base-0.63%after closeafter closeafter close
EFA-1.86%+0.32%base-0.61%after closeafter closeafter close
JPM-1.72%-0.42%base-0.17%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations KuCoin

Source: KuCoin

How far Ishares Tr (TLT) has moved since 12 Nov 2026

CompanyWhenMoveStatus
AAXJthat day-1.60%final price
AAXJthree days earlier-1.95%final price
AAXJfive days earlier-7.07%final price
BWXthat day-0.63%final price
BWXthree days earlier+1.50%final price
BWXfive days earlier+1.13%final price
EFAthat day-0.61%final price
EFAthree days earlier+0.32%final price
EFAfive days earlier-1.86%final price
Ishares Tr (IEF)that day-0.70%final price
Ishares Tr (IEF)three days earlier+0.95%final price
Ishares Tr (IEF)five days earlier+1.16%final price
Jpmorgan Chase (JPM)that day-0.17%final price
Jpmorgan Chase (JPM)three days earlier-0.42%final price
Jpmorgan Chase (JPM)five days earlier-1.72%final price
Ishares Tr (TIP)that day-0.46%final price
Ishares Tr (TIP)three days earlier+0.72%final price
Ishares Tr (TIP)five days earlier+0.93%final price
Ishares Tr (TLT)that day-1.49%final price
Ishares Tr (TLT)three days earlier+1.27%final price
Ishares Tr (TLT)five days earlier+1.21%final price
Invesco DB US Dollar Index Bullish Fund (UUP)that day+0.20%final price
Invesco DB US Dollar Index Bullish Fund (UUP)three days earlier-1.31%final price
Invesco DB US Dollar Index Bullish Fund (UUP)five days earlier-1.46%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares Tr (TLT)

Companies tied to this story

  • TLT Ishares Tr

    Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • IEF Ishares Tr

    Ishares Tr (IEF) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations.” Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

  • TIP Ishares Tr

    Ishares Tr (TIP) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations.” Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • UUP Invesco DB US Dollar Index Bullish Fund

    In “Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations,” Invesco DB US Dollar Index Bullish Fund (UUP) is linked, with no stored direction, medium confidence. Reason on file: Invesco DB US Dollar Index Bullish Fund: it tracks currencies. Linked by “dollar index” (currencies) in this story

  • JPM Jpmorgan Chase

    In “Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • BAC Bank Of America

    Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations.” Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • DHI Horton D R

    In “Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

  • SCHW Schwab Charles

    In “Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations,” Schwab Charles (SCHW) is linked, with no stored direction, medium confidence. Reason on file: The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story

Ishares Tr (TLT)

The 12 Nov 2026 story “Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations” names Ishares Tr (TLT) because of this story.

For Ishares Tr (TLT), the reason on file says iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

A second company, Ishares Tr (IEF), is listed for a different reason: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story

The price range for Ishares Tr (TLT), and the dates in the story

IEF traded between 88.64 and 90.69 across 15 sessions. The latest close on file is 90.08. TIP traded between 103.77 and 105.61 across 15 sessions. The latest close on file is 105.27. TLT traded between 76.44 and 80.56 across 15 sessions. The latest close on file is 79.46.

How strong the case is around Ishares Tr (TLT)

46 out of 100

“Dollar Index Reaches 2025 High Amid Inflation and Fed Rate Hike Expectations” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.