# Dollar down as Fed minutes, U.S. data weighs

> The US dollar fell across the board after Federal Reserve minutes from the November 1-2 meeting showed most policymakers agreed it would soon be appropriate to slow the pace of rate hikes. The euro rose 0.9% to $1.0397 as US business activity contracted for a fifth straight month.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/38841-dollar-down-as-fed-minutes-u-s-data-weighs
- 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 lifts dollar-denominated commodity prices and can support US export competitiveness for feed grains and meal, while signaling slower tightening ahead.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-31 | [US dollar weakens as Fed measure weighs](https://feedsoft.ai/events/10702-us-dollar-weakens-as-fed-measure-weighs.md) | +0.7% | +0.5% |
| DXY | 2024-02-21 | [Dollar edges down as Fed meeting minutes meet expectations](https://feedsoft.ai/events/31866-dollar-edges-down-as-fed-meeting-minutes-meet-expectations.md) | -0.0% | -0.1% |
| DXY | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.2% | -1.0% |
| DXY | 2024-09-30 | [US Dollar Forecast: Fed’s easing weighs on the Dollar](https://feedsoft.ai/events/28507-us-dollar-forecast-fed-s-easing-weighs-on-the-dollar.md) | +0.9% | +3.1% |
| DXY | 2023-10-27 | [Dollar eases as month-end flows weigh; eyes on Fed and BOJ](https://feedsoft.ai/events/33813-dollar-eases-as-month-end-flows-weigh-eyes-on-fed-and-boj.md) | -0.9% | -3.1% |
| EURUSD | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.5% | +0.7% |
| EURUSD | 2026-04-30 | [EUR/USD advances as ECB holds rates, Dollar softens on mixed data](https://feedsoft.ai/events/19943-eur-usd-advances-as-ecb-holds-rates-dollar-softens-on-mixed-data.md) | +0.5% | -0.4% |
| EURUSD | 2021-02-11 | [Dollar slides near two-week lows as Fed pledges low rates](https://feedsoft.ai/events/48817-dollar-slides-near-two-week-lows-as-fed-pledges-low-rates.md) | -0.4% | -1.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/11/23/forex-markets-dollar-currencies-federal-reserve-inflation-interest-rates.html

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