# Dollar retreats, euro steadies as Fed nerves prevail

> The dollar dipped against the euro and a basket of currencies on December 12, 2016, as traders awaited the Fed's policy meeting. An oil-driven rise in inflation expectations was not enough to extend the dollar's broader rally.

- Date: 2016-12-12 · published 2016-12-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5973-dollar-retreats-euro-steadies-as-fed-nerves-prevail
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Pre-meeting currency caution offers little direct price signal for feed commodities, though oil-driven inflation expectations are a minor factor for input costs.

## Sources

- reuters.com: https://www.reuters.com/article/global-forex-idUSL5N1E72Z9/?feedName=usDollarRpt&feedType=RSS

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