# DXY Hike Odds Drop to 77%, Is 101.20 Still a Buy?

> DXY odds for December Fed hikes fell to 77% as strong jobs data weakens dollar support.
- Title: DXY Hike Odds Drop to 77%, Is 101.20 Still a Buy? | Shortify
- Summary: DXY odds for December Fed hikes fell to 77% as strong jobs data weakens dollar support. DXY dropped 0.39% to 101.32 after Democrats took control of Congress…
- Keywords: dxy, fed, dollar index, december hike odds, 101.20, nonfarm payrolls, adp jobs, ism services, TradingView
- Source: TradingView — https://tradingview.com/chart/DXY/YLXQIf9s-DXY-December-Hike-Odds-Just-Fell-to-77-Is-101-20-Still-a-Buy
- Published: 2026-11-05T02:16:49+00:00
- Read time: 1 min
- Topics: dxy, fed, dollar index, december hike odds, 101.20, nonfarm payrolls, adp jobs, ism services, business, finance
## DXY Drops After Congress Shift
DXY slid 0.39% to 101.32 after Democrats took control of Congress.

> DXY did not fall this week because the Fed turned soft. It fell because the market stopped pricing a political accident.
## Hike Odds Fall to 77% in Week
December Fed hike odds dropped from 83% to 77% in a week.

> Right after the Fed held at 3.75%, 4.00% on 28 October, CME FedWatch priced the odds of a December hike near 83%, 85%.
## Strong Data vs Weak Hike Pricing
ADP jobs data at 86,000 and ISM services at 54.5 contradict rising hike odds.

> Hike odds fell roughly 8 points in a week, in the same week ADP printed 86,000 private jobs against a consensus near 70,000, and ISM services held at 54.5, comfortably in expansion.
## 101.20 Support Zone Tested
DXY sits near 101.30 in 101.20, 101.42 zone with weak momentum.

> The daily, DXY is sitting near 101.30, inside the 101.20, 101.42 zone that capped price on the way up and now has to work as support.
## Risk of Repricing Tightening
A close below 101.00 signals the market is repricing the end of the tightening cycle.

> A sustained daily close below 101.00 breaks the structure and tells me the market is repricing the end of the tightening cycle, not just the end of election risk.
## Friday Payrolls Decider
Friday's nonfarm payrolls at 13:30 UTC will determine if DXY stays above 101.20.

> Friday's nonfarm payrolls at 13:30 UTC is the decider, 65,000 expected against September's 29,000.
## Key takeaway

DXY dropped 0.39% to 101.32 after Democrats took control of Congress, with December Fed hike odds falling to 77%.