# Dollar weakens versus euro; investors cautious as inflation data ahead

> 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.

- Date: 2022-12-08 · published 2022-12-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38420-dollar-weakens-versus-euro-investors-cautious-as-inflation-data-ahead
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-struggles-recession-worries-simmer-2022-12-08/

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