# Dollar slides as investors balance positions ahead of U.S. inflation data | Reuters

> The dollar eased as investors balanced positions ahead of US inflation data. The euro rose as much as 1.2% to a three-week high of $1.0114 after the ECB's 75 basis point hike the previous day.

- Date: 2022-09-09 · published 2022-09-09T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39800-dollar-slides-as-investors-balance-positions-ahead-of-u-s-inflation-data-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 softer dollar tends to support US commodity prices in export markets. The short-term move is driven by positioning ahead of data rather than a lasting shift in the currency trend.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-14 | [Canadian dollar rallies as investors cheer U.S. inflation data](https://feedsoft.ai/events/33408-canadian-dollar-rallies-as-investors-cheer-u-s-inflation-data.md) | -1.8% | -1.4% |
| DXY | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +0.9% | +2.8% |
| DXY | 2024-01-11 | [Sterling gains vs dollar ahead of US inflation data](https://feedsoft.ai/events/32373-sterling-gains-vs-dollar-ahead-of-us-inflation-data.md) | +0.9% | +1.1% |
| DXY | 2023-04-11 | [Latam FX at 5-year high as dollar dips ahead of U.S. inflation data \| Financial Post](https://feedsoft.ai/events/36626-latam-fx-at-5-year-high-as-dollar-dips-ahead-of-u-s-inflation-data-financial.md) | -0.4% | -1.0% |
| DXY | 2023-01-10 | [Dollar treads water near 7-month lows ahead of U.S. inflation data](https://feedsoft.ai/events/37697-dollar-treads-water-near-7-month-lows-ahead-of-u-s-inflation-data.md) | -0.8% | +0.2% |
| EURUSD | 2024-01-31 | [Pound pares advance against Euro and Dollar as investors position for Bank of England By PoundSterlingLIVE](https://feedsoft.ai/events/32370-pound-pares-advance-against-euro-and-dollar-as-investors-position-for-bank-of.md) | -0.9% | -0.0% |
| 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 | 2023-11-14 | [Wall St, European stocks fly on soft U.S. inflation data \| Reuters](https://feedsoft.ai/events/10106-wall-st-european-stocks-fly-on-soft-u-s-inflation-data-reuters.md) | +2.3% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/dollar-relaxes-after-steep-climb-euro-gains-ecb-hike-2022-09-09/

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