# Dollar edges higher against major peers as investors eye Fed rate cut | Reuters

> The dollar edged higher against major peers as investors looked ahead to a Federal Reserve rate cut. The euro rose slightly to $1.0509 after German Chancellor Olaf Scholz lost a parliamentary confidence vote, setting up snap elections in February.

- Date: 2024-12-16 · published 2024-12-16T12:00:00.000Z
- Category: macro · region Euro zone · magnitude low
- Page: https://feedsoft.ai/events/27178-dollar-edges-higher-against-major-peers-as-investors-eye-fed-rate-cut-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar ahead of Fed easing and political uncertainty in Germany add modest currency volatility that can weigh on dollar-priced commodity demand from importers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-08-29 | [Dollar eases off of 20-year high as euro boosted by rates view \| Reuters](https://feedsoft.ai/events/40214-dollar-eases-off-of-20-year-high-as-euro-boosted-by-rates-view-reuters.md) | +0.3% | -3.8% |
| EURUSD | 2022-10-26 | [ECB raises interest rates again, cuts bank subsidies \| Reuters](https://feedsoft.ai/events/39359-ecb-raises-interest-rates-again-cuts-bank-subsidies-reuters.md) | -0.9% | +4.1% |
| EURUSD | 2024-08-29 | [Dollar eases after hitting highest in two weeks, US job data looms \| Reuters](https://feedsoft.ai/events/29010-dollar-eases-after-hitting-highest-in-two-weeks-us-job-data-looms-reuters.md) | -0.3% | +0.5% |
| EURUSD | 2026-02-04 | [ECB keeps rates unchanged, signal comfort with dollar weakness \| Reuters](https://feedsoft.ai/events/20803-ecb-keeps-rates-unchanged-signal-comfort-with-dollar-weakness-reuters.md) | +0.7% | -1.5% |
| EURUSD | 2025-04-14 | ['Attentive' ECB can lean against euro rise \| Reuters](https://feedsoft.ai/events/25337-attentive-ecb-can-lean-against-euro-rise-reuters.md) | +0.6% | -0.5% |
| DXY | 2023-06-23 | [Stocks fall, dollar up as investors weigh more rate hikes \| Reuters](https://feedsoft.ai/events/35674-stocks-fall-dollar-up-as-investors-weigh-more-rate-hikes-reuters.md) | +0.6% | -0.7% |
| DXY | 2025-11-03 | [Dollar edges up as rate cut outlook remains clouded \| Reuters](https://feedsoft.ai/events/22150-dollar-edges-up-as-rate-cut-outlook-remains-clouded-reuters.md) | +0.0% | -0.2% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-hovers-near-3-week-high-before-fed-bitcoin-tops-105000-2024-12-16/

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