# Dollar shines, euro suffers as COVID fears flare over Europe

> The dollar gained after Federal Reserve officials Richard Clarida and Christopher Waller suggested a faster pace of bond-buying tapering may be appropriate amid a quickening recovery and heated inflation. The euro weakened as COVID fears flared across Europe.

- Date: 2021-11-22 · published 2021-11-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/11253-dollar-shines-euro-suffers-as-covid-fears-flare-over-europe
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hawkish Fed signals and a stronger dollar make dollar-priced commodities more expensive for foreign buyers, which can pressure US grain and oilseed export demand and related prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-01 | [Dollar outshines euro, sterling amid European bank jitters](https://feedsoft.ai/events/37078-dollar-outshines-euro-sterling-amid-european-bank-jitters.md) | -0.0% | -0.1% |
| DXY | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | -0.1% | -1.2% |
| DXY | 2021-11-17 | [FOREX-Rate bets rule currency markets as dollar shines; euro, Aussie sag \| Business](https://feedsoft.ai/events/11955-forex-rate-bets-rule-currency-markets-as-dollar-shines-euro-aussie-sag-business.md) | +0.8% | +1.1% |
| DXY | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | +1.5% | -0.1% |
| DXY | 2018-08-10 | [US Dollar to Yearly Highs as EUR/USD Breaks Down on Contagion Fears](https://feedsoft.ai/events/11066-us-dollar-to-yearly-highs-as-eur-usd-breaks-down-on-contagion-fears.md) | +1.1% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/dollar-shines-euro-suffers-covid-fears-flare-over-europe-2021-11-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.