# US dollar eases versus euro as investors ponder Fed, ECB rate paths  - The Business Times

> The dollar slid from a 12-week peak on Monday as traders weighed central bank options after the Jackson Hole meeting. The dollar index edged 0.08 lower to 104.08, though it was up more than 2% in August. Markets priced an 80% chance of a Fed pause next month and a 51% chance of a November hike, up from 33% a week earlier.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34786-us-dollar-eases-versus-euro-as-investors-ponder-fed-ecb-rate-paths-the-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising odds of a November Fed hike support the dollar, which can pressure dollar-priced feed commodity prices. Strong U.S. data has eased recession worries and keeps this dynamic in play.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2023-11-23 | [Gold up on weaker dollar as investors wait on Fed rate path](https://feedsoft.ai/events/33078-gold-up-on-weaker-dollar-as-investors-wait-on-fed-rate-path.md) | -0.4% | -1.1% |
| DXY | 2022-08-30 | [ECB bets boost euro, US dollar slips from 20 year peak - The Business Times](https://feedsoft.ai/events/40248-ecb-bets-boost-euro-us-dollar-slips-from-20-year-peak-the-business-times.md) | +1.1% | +4.0% |
| DXY | 2017-12-13 | [Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times](https://feedsoft.ai/events/67390-gold-jumps-1-as-dollar-slips-on-fed-rate-outlook-the-business-times.md) | -0.4% | -1.8% |
| DXY | 2018-02-22 | [NZ dollar follows Wall Street, commodities higher as investors reassess US rate track \| BusinessDesk](https://feedsoft.ai/events/66410-nz-dollar-follows-wall-street-commodities-higher-as-investors-reassess-us-rate.md) | +0.5% | -0.1% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/us-dollar-eases-versus-euro-investors-ponder-fed-ecb-rate-paths

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