# Euro hits almost seven-week high, dollar broadly lower

> The euro reached an almost seven-week high against the dollar on December 2, at about $1.1677. The move followed stronger euro-zone business activity and weaker US jobs data that increased expectations of further US rate cuts.

- Date: 2025-12-03 · published 2025-12-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/21725-euro-hits-almost-seven-week-high-dollar-broadly-lower
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Dollar weakness driven by softer US labour data and rate-cut expectations tends to support dollar-priced commodities, a modest positive for feed ingredient prices.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-02 | [Sterling hits 2-week high against broadly weaker dollar](https://feedsoft.ai/events/74072-sterling-hits-2-week-high-against-broadly-weaker-dollar.md) | -0.6% | +3.2% |
| DXY | 2020-02-28 | [Virus panic sends yen to seven-week high against dollar](https://feedsoft.ai/events/54814-virus-panic-sends-yen-to-seven-week-high-against-dollar.md) | -0.5% | +4.3% |
| DXY | 2024-11-29 | [Yen hits six-week high, dollar dips for month-end](https://feedsoft.ai/events/27606-yen-hits-six-week-high-dollar-dips-for-month-end.md) | -0.3% | +1.3% |
| DXY | 2021-09-02 | [Dollar lower after initial claims, euro at one-month high](https://feedsoft.ai/events/45269-dollar-lower-after-initial-claims-euro-at-one-month-high.md) | +0.2% | +1.6% |
| DXY | 2023-12-27 | [Dollar hits 5-mth low against euro as Fed seen closer to rate cuts](https://feedsoft.ai/events/32899-dollar-hits-5-mth-low-against-euro-as-fed-seen-closer-to-rate-cuts.md) | +0.7% | +1.6% |
| EURUSD | 2021-09-02 | [Dollar lower after initial claims, euro at one-month high](https://feedsoft.ai/events/45269-dollar-lower-after-initial-claims-euro-at-one-month-high.md) | -0.2% | -2.3% |
| EURUSD | 2023-01-30 | [Dollar seesaws ahead of busy central bank week, euro higher after Spain CPI](https://feedsoft.ai/events/38002-dollar-seesaws-ahead-of-busy-central-bank-week-euro-higher-after-spain-cpi.md) | -0.3% | -2.4% |
| EURUSD | 2021-04-19 | [Goldman Sachs backs the euro as the dollar hits two-month lows](https://feedsoft.ai/events/47789-goldman-sachs-backs-the-euro-as-the-dollar-hits-two-month-lows.md) | +0.7% | +1.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/12/03/dollar-takes-a-breather-ahead-of-fed.html

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