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The dollar edged lower against the euro on Dec 8 as investors weighed the Fed's policy outlook against recession risks. The Fed, ECB and Bank of England were all set to announce rate decisions the following week.
Expectations of slower rate hikes have contributed to the dollar's weakness this quarter.
A softer dollar tends to support US export competitiveness and commodity prices. The move reflects expectations for central bank policy rather than a direct change in feed supply or demand.
reuters.comJohn MccrankDec 8, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
