# Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg

> The dollar extended its decline after the Federal Reserve's preferred inflation gauge showed muted price gains in November. The euro rose to its strongest level since August. The data reinforced expectations that the Fed will pivot to interest-rate cuts next year.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar tends to support dollar-priced commodities and can improve export competitiveness for US feed ingredients. The effect on feed prices is modest and indirect compared with crop or trade news.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-13 | [Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg](https://feedsoft.ai/events/36584-euro-surges-to-strongest-in-a-year-as-fed-cut-bets-batter-dollar-bloomberg.md) | +0.3% | -0.4% |
| DXY | 2025-03-04 | [EU/USD: Euro Hits 2025 High Versus Dollar on Europe Defense Spend Bets - Bloomberg](https://feedsoft.ai/events/5803-eu-usd-euro-hits-2025-high-versus-dollar-on-europe-defense-spend-bets-bloomberg.md) | -1.2% | -0.8% |
| DXY | 2026-07-30 | [CNY USD: Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed - Bloomberg](https://feedsoft.ai/events/18568-cny-usd-yuan-rises-to-highest-since-early-2023-as-dollar-drops-after-fed.md) | -1.2% | -1.9% |
| DXY | 2023-12-22 | [Peso strengthens to best rate against the US dollar since August](https://feedsoft.ai/events/32933-peso-strengthens-to-best-rate-against-the-us-dollar-since-august.md) | -0.8% | +1.5% |
| DXY | 2017-01-18 | [Loonie in Hottest Streak Since 1970 as U.S. Dollar Retreats - Bloomberg](https://feedsoft.ai/events/73232-loonie-in-hottest-streak-since-1970-as-u-s-dollar-retreats-bloomberg.md) | -0.3% | -0.9% |
| EURUSD | 2023-04-13 | [Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg](https://feedsoft.ai/events/36584-euro-surges-to-strongest-in-a-year-as-fed-cut-bets-batter-dollar-bloomberg.md) | -0.3% | -0.2% |
| EURUSD | 2025-03-04 | [EU/USD: Euro Hits 2025 High Versus Dollar on Europe Defense Spend Bets - Bloomberg](https://feedsoft.ai/events/5803-eu-usd-euro-hits-2025-high-versus-dollar-on-europe-defense-spend-bets-bloomberg.md) | +3.2% | +2.9% |
| EURUSD | 2026-07-30 | [Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets](https://feedsoft.ai/events/7685-euro-rises-on-strong-eurozone-data-and-ecb-rate-hike-bets.md) | +1.4% | +2.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-12-22/euro-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets

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