# Euro eases, dollar perks up - Business & Finance - Business Recorder

> The euro dipped against the dollar as traders reduced bets on further ECB rate cuts, and the dollar index rose to 106.21. The yen slipped to 151.58 per dollar but was heading for its best weekly gain in three months. Markets saw about a 53% chance the Bank of Japan would hike rates next month.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27625-euro-eases-dollar-perks-up-business-and-finance-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer dollar lowers the dollar price of US grain and meal exports, which can weigh on export demand and futures prices.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/40334985

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