# Daily FX 22.05.23: US Debt-Ceiling Talks, EUR/USD Direction Key To Pound Vs Euro, Dollar

> The article previews currency markets for the week, focusing on the US debt-ceiling talks between President Biden and congressional Republicans. It also covers upcoming PMI business confidence data, which could signal weaker global conditions. Sterling was trading near $1.243 against the dollar.

- Date: 2023-05-22 · published 2023-05-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/36197-daily-fx-22-05-23-us-debt-ceiling-talks-eur-usd-direction-key-to-pound-vs-euro
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Debt-ceiling risk and softer confidence data can lift the dollar and weigh on risk appetite, which indirectly affects dollar-priced commodities.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-06-19 | [Dollar struggles for direction, euro close to 1-1/2-month low](https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low.md) | +0.2% | -1.0% |
| DXY | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | +0.5% | -0.3% |
| DXY | 2024-05-29 | [EUR/USD: Euro May Turn Lower vs. Dollar on Eurozone CPI Data \| tastylive](https://feedsoft.ai/events/30471-eur-usd-euro-may-turn-lower-vs-dollar-on-eurozone-cpi-data-tastylive.md) | +1.1% | +2.3% |
| DXY | 2024-08-30 | [FX Daily: US and eurozone inflation in focus \| articles \| ING THINK](https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think.md) | +0.2% | -0.9% |
| DXY | 2017-01-31 | [Potential US Dollar Reactions to FOMC Decision](https://feedsoft.ai/events/73151-potential-us-dollar-reactions-to-fomc-decision.md) | -0.6% | -0.6% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/38225/22-05-2023-today-s-daily-fx-update-pound-to-euro-dollar-exchange-rate-outlook.html

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