# FX: Dollar momentum weakened by global central bank moves - Euromoney

> Dollar momentum has been weakened by rate increases across major economies outside the US as central banks respond to rising inflation. Analysts note the dollar rally has lagged the scale of US yield moves, with the ECB priced to lift rates positive by year-end.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42036-fx-dollar-momentum-weakened-by-global-central-bank-moves-euromoney
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Narrower rate differentials and a softer dollar rally reduce pressure on dollar-priced feed commodities and ease import costs for euro-zone buyers somewhat.

## Read by commodity

- DXY: neutral
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-03 | [Canadian dollar weakens as investors bet on Bank of Canada matching Fed rate cut - The Globe and Mail](https://feedsoft.ai/events/54361-canadian-dollar-weakens-as-investors-bet-on-bank-of-canada-matching-fed-rate.md) | +0.3% | +5.5% |
| DXY | 2022-06-22 | [Dollar slips as global growth worries fester](https://feedsoft.ai/events/41181-dollar-slips-as-global-growth-worries-fester.md) | -0.0% | +1.6% |
| DXY | 2025-10-30 | [Dollar hands back some gains after Fed meeting; euro looks to ECB By Investing.com](https://feedsoft.ai/events/22616-dollar-hands-back-some-gains-after-fed-meeting-euro-looks-to-ecb-by-investing.md) | +1.1% | +0.4% |
| DXY | 2017-03-01 | [Great Graphic:  Fed's Real Broad Trade Weighted Dollar - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/72193-great-graphic-fed-s-real-broad-trade-weighted-dollar-marc-to-market-marc.md) | +0.4% | -1.4% |
| DXY | 2018-06-14 | [Fed-driven dollar surge fades, focus moves to ECB meeting - Moneyweb](https://feedsoft.ai/events/64710-fed-driven-dollar-surge-fades-focus-moves-to-ecb-meeting-moneyweb.md) | +1.1% | +0.5% |
| EURUSD | 2024-03-06 | [Euro is back on the scene for global central banks](https://feedsoft.ai/events/31421-euro-is-back-on-the-scene-for-global-central-banks.md) | +0.5% | -0.8% |
| EURUSD | 2023-01-30 | [Dollar seesaws ahead of busy central bank week, euro higher after Spain CPI](https://feedsoft.ai/events/38002-dollar-seesaws-ahead-of-busy-central-bank-week-euro-higher-after-spain-cpi.md) | -0.3% | -2.4% |
| EURUSD | 2019-10-31 | [Euro rises as dollar weakens on questions about more Fed rate cuts](https://feedsoft.ai/events/56782-euro-rises-as-dollar-weakens-on-questions-about-more-fed-rate-cuts.md) | -0.4% | -0.9% |

## Sources

- euromoney.com: https://www.euromoney.com/article/2a0zyhyb10ny3gmhqvfuo/foreign-exchange/fx-dollar-momentum-weakened-by-global-central-bank-moves/

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