# Euro, Pound rises in Asia after improvement in investor sentiment - CNBC TV18

> The euro touched $1.05 and sterling $1.25 in early Asian trade on May 18, 2022, after overnight gains of 1.1% and 1.4%. The gains followed strong UK jobs data showing the jobless rate at a 48-year low, solid US retail sales, and signs of easing China lockdowns. The dollar index fell to 103.18.

- Date: 2022-05-18 · published 2022-05-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/12690-euro-pound-rises-in-asia-after-improvement-in-investor-sentiment-cnbc-tv18
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Improved risk sentiment and a softer dollar tend to support dollar-priced commodities for overseas buyers. The move reflects macro and sentiment factors rather than changes in feed supply.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- GBPUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-05-23 | 5 | +2.4% | 2.8 | Improved investor sentiment on May 18 lifted the euro about 1.1% overnight and pushed the dollar index lower, adding to the weekly gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-10-31 | [Euro Outperforms Dollar and Pound After Inflation and GDP Surprises](https://feedsoft.ai/events/28072-euro-outperforms-dollar-and-pound-after-inflation-and-gdp-surprises.md) | -1.2% | -2.9% |
| EURUSD | 2021-10-28 | [Dollar index drops on euro rise after ECB comments](https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments.md) | -0.1% | -2.6% |
| EURUSD | 2022-11-07 | [Euro, sterling bounce, dollar drops as investors cash in](https://feedsoft.ai/events/6252-euro-sterling-bounce-dollar-drops-as-investors-cash-in.md) | +4.5% | +6.1% |
| EURUSD | 2017-01-30 | [Euro Exchange Rates Trade Higher Vs Pound, Dollar After Navarro Comments Dent USD](https://feedsoft.ai/events/73192-euro-exchange-rates-trade-higher-vs-pound-dollar-after-navarro-comments-dent-usd.md) | +1.0% | -0.6% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |
| DXY | 2024-10-31 | [Euro Outperforms Dollar and Pound After Inflation and GDP Surprises](https://feedsoft.ai/events/28072-euro-outperforms-dollar-and-pound-after-inflation-and-gdp-surprises.md) | +0.7% | +1.4% |
| DXY | 2022-10-17 | [Dollar dips as UK budget U-turn improves market sentiment](https://feedsoft.ai/events/39402-dollar-dips-as-uk-budget-u-turn-improves-market-sentiment.md) | -0.5% | -3.8% |
| DXY | 2021-10-28 | [Dollar index drops on euro rise after ECB comments](https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments.md) | +0.6% | +2.5% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/market/currency/euro-pound-rises-in-asia-after-improvement-in-investor-sentiment-13522792.htm

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