# Dollar steadies in Europe - Business & Finance - Business Recorder

> The dollar index was set to end the week flat but was down 2.56% for April, its biggest monthly loss since July. The Canadian dollar rose to a more than three-year high of C$1.2268 per US dollar after the Federal Reserve held policy steady.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/47821-dollar-steadies-in-europe-business-and-finance-business-recorder
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker US dollar and a stronger Canadian dollar make Canadian canola and other exports more expensive in US dollars, which tends to support prices for dollar-priced feed ingredients.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-06-11 | [Fed's gloomy outlook steadies dollar slide, for now - Business & Finance - Business Recorder](https://feedsoft.ai/events/52806-fed-s-gloomy-outlook-steadies-dollar-slide-for-now-business-and-finance.md) | +1.2% | +0.8% |
| DXY | 2024-10-31 | [Dollar down against major currencies - Business & Finance - Business Recorder](https://feedsoft.ai/events/28051-dollar-down-against-major-currencies-business-and-finance-business-recorder.md) | +0.7% | +1.4% |
| DXY | 2020-06-04 | [Euro jumps as ECB increases stimulus - Business & Finance - Business Recorder](https://feedsoft.ai/events/52843-euro-jumps-as-ecb-increases-stimulus-business-and-finance-business-recorder.md) | -0.6% | +0.7% |
| DXY | 2020-07-31 | [Dollar extends dramatic fall in European trade - Markets - Business Recorder](https://feedsoft.ai/events/52332-dollar-extends-dramatic-fall-in-european-trade-markets-business-recorder.md) | -0.3% | -0.6% |
| DXY | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | -1.4% | -1.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40089328
- brecorder.com: https://www.brecorder.com/news/40089330

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