# Dollar sells off on speculation of less hawkish Fed, euro regains parity | Reuters

> The dollar sold off on speculation that the Federal Reserve would become less hawkish, and the euro regained parity. The Bank of Canada raised rates by a smaller-than-expected 50 basis points and said future moves would depend on how tighter policy was working.

- Date: 2022-10-26 · published 2022-10-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39362-dollar-sells-off-on-speculation-of-less-hawkish-fed-euro-regains-parity-reuters
- 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 supports US commodity prices and export competitiveness for feed grains and oilseeds. The outcome depends on the Fed's path.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-13 | [Euro back above parity, dollar dips after inflation surges \| Reuters](https://feedsoft.ai/events/40688-euro-back-above-parity-dollar-dips-after-inflation-surges-reuters.md) | -0.8% | -1.3% |
| DXY | 2024-08-27 | [Pound hits two-year high on dollar, gains on euro \| Reuters](https://feedsoft.ai/events/29066-pound-hits-two-year-high-on-dollar-gains-on-euro-reuters.md) | +0.9% | -0.5% |
| DXY | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | +0.2% | +1.1% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |
| DXY | 2023-01-27 | [Stocks, dollar gain on allure of Fed soft landing \| Reuters](https://feedsoft.ai/events/37972-stocks-dollar-gain-on-allure-of-fed-soft-landing-reuters.md) | -0.6% | +2.1% |
| EURUSD | 2022-07-13 | [Euro back above parity, dollar dips after inflation surges \| Reuters](https://feedsoft.ai/events/40688-euro-back-above-parity-dollar-dips-after-inflation-surges-reuters.md) | +1.7% | +1.6% |
| EURUSD | 2021-11-23 | [Dollar gains, euro recovers on better than expected data \| Reuters](https://feedsoft.ai/events/11254-dollar-gains-euro-recovers-on-better-than-expected-data-reuters.md) | +0.2% | +0.1% |
| EURUSD | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | -0.4% | -2.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/dollar-sags-bets-build-less-hawkish-fed-2022-10-26/

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