# Battered euro and yen recover after dollar surge – The Irish Times

> The euro, yen and pound recovered some ground against the dollar on December 16, 2016, after falls of 3% or more following the Fed's guidance on 2017 rates. The euro traded at $1.0442 and the yen at 118.17 per dollar in late London trading.

- Date: 2016-12-16 · published 2016-12-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5970-battered-euro-and-yen-recover-after-dollar-surge-the-irish-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Currency swings of this size shift the relative cost of US commodity exports for foreign buyers, and a dollar pullback would modestly support dollar-priced feed prices.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Sources

- irishtimes.com: https://www.irishtimes.com/business/markets/battered-euro-and-yen-recover-after-dollar-surge-1.2908583

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