# US dollar at 3-week lows as traders await tapering clues - The Business Times

> The US dollar traded near three-week lows on August 31 against a basket of currencies, with the euro hitting a three-week high and sterling a two-week high. Investors were focused on US jobs data for clues on the timing of stimulus tapering, and euro zone inflation had reached a 10-year high.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45754-us-dollar-at-3-week-lows-as-traders-await-tapering-clues-the-business-times
- 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 and stronger euro generally support dollar-priced commodities, since weaker US currency makes exports cheaper for European and other foreign buyers. Upcoming payrolls data could shift this trend.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2017-07-30 | [The Australian Dollar Has Kicked Off the New Trading Week Just Below the US80c Level - Business Insider](https://feedsoft.ai/events/70238-the-australian-dollar-has-kicked-off-the-new-trading-week-just-below-the-us80c.md) | +0.3% | -0.5% |
| DXY | 2020-07-29 | [US dollar teeters, gold takes a breather as markets await Fed \| The Straits Times](https://feedsoft.ai/events/52031-us-dollar-teeters-gold-takes-a-breather-as-markets-await-fed-the-straits-times.md) | +0.4% | -0.4% |
| DXY | 2023-08-28 | [US dollar eases versus euro as investors ponder Fed, ECB rate paths  - The Business Times](https://feedsoft.ai/events/34786-us-dollar-eases-versus-euro-as-investors-ponder-fed-ecb-rate-paths-the-business.md) | +0.2% | +1.3% |
| DXY | 2018-02-07 | [US dollar will stay weak if China has its way: Morgan Stanley - The Business Times](https://feedsoft.ai/events/7107-us-dollar-will-stay-weak-if-china-has-its-way-morgan-stanley-the-business-times.md) | +0.2% | +0.7% |
| EURUSD | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | +2.0% | +2.9% |
| EURUSD | 2022-08-30 | [ECB bets boost euro, US dollar slips from 20 year peak - The Business Times](https://feedsoft.ai/events/40248-ecb-bets-boost-euro-us-dollar-slips-from-20-year-peak-the-business-times.md) | -0.9% | -3.8% |
| EURUSD | 2020-03-09 | [US dollar market sees major sell off as currency traders buy EUR](https://feedsoft.ai/events/10776-us-dollar-market-sees-major-sell-off-as-currency-traders-buy-eur.md) | -2.2% | -4.6% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/us-dollar-at-3-week-lows-as-traders-await-tapering-clues

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