# US dollar slide gives a lift to the euro, pound and commodities

> The U.S. dollar fell broadly on expectations of a dovish Fed, lifting the euro to a session high of 1.1413 and the pound to 1.2654. Gold also rose to its highest level since July.

- Date: 2018-12-19 · published 2018-12-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61496-us-dollar-slide-gives-a-lift-to-the-euro-pound-and-commodities
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A softer dollar tends to support commodity prices by making dollar-priced goods cheaper for buyers using other currencies.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- GBPUSD: bullish ▲

## Sources

- investinglive.com: https://investinglive.com/news/!/us-dollar-slide-gives-a-lift-to-the-euro-pound-and-commodities-20181219

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