# Dollar gains, euro recovers on better than expected data | Reuters

> The dollar index held near 16-month highs after Jerome Powell was picked for a second term as Fed chair, reinforcing expectations for US rate hikes in 2022. The euro bounced from 16-month lows after better-than-expected regional business growth.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/11254-dollar-gains-euro-recovers-on-better-than-expected-data-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of higher US rates strengthen the dollar, which tends to weigh on dollar-denominated commodity prices and supports the currency-driven competitiveness of US exporters versus Brazil and Argentina.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-12 | [Dollar gains on yen as consumer prices rise more than expected](https://feedsoft.ai/events/26225-dollar-gains-on-yen-as-consumer-prices-rise-more-than-expected.md) | -0.5% | -2.0% |
| DXY | 2023-10-12 | [Dollar gains after US consumer prices rise more than expected](https://feedsoft.ai/events/33817-dollar-gains-after-us-consumer-prices-rise-more-than-expected.md) | +0.9% | -0.6% |
| DXY | 2025-04-15 | [Dollar gains on euro, yen, but tariffs keep investors cautious \| Reuters](https://feedsoft.ai/events/7251-dollar-gains-on-euro-yen-but-tariffs-keep-investors-cautious-reuters.md) | -1.1% | -0.1% |
| DXY | 2022-06-10 | [Stocks slide, dollar gains on hot U.S. inflation data \| Reuters](https://feedsoft.ai/events/7711-stocks-slide-dollar-gains-on-hot-u-s-inflation-data-reuters.md) | +1.5% | +3.7% |
| DXY | 2025-05-22 | [US dollar gains, sentiment still frayed; euro falters \| Reuters](https://feedsoft.ai/events/24909-us-dollar-gains-sentiment-still-frayed-euro-falters-reuters.md) | -0.2% | -0.6% |
| EURUSD | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | +0.2% | -1.4% |
| EURUSD | 2023-12-14 | [Dollar tumbles on dovish Fed, euro gains as ECB talks down rate cuts – ThePrint – ReutersFeed](https://feedsoft.ai/events/8298-dollar-tumbles-on-dovish-fed-euro-gains-as-ecb-talks-down-rate-cuts-theprint.md) | +1.5% | +1.5% |
| EURUSD | 2022-10-26 | [Dollar sells off on speculation of less hawkish Fed, euro regains parity \| Reuters](https://feedsoft.ai/events/39362-dollar-sells-off-on-speculation-of-less-hawkish-fed-euro-regains-parity-reuters.md) | -0.9% | +4.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/dollar-gains-euro-recovers-better-than-expected-data-2021-11-23/

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