# Policy divergence bets drive dollar gains, pull euro lower

> The dollar index rose 0.15% to 94.89, close to a three-month high, as investors renewed bets that US monetary policy will diverge from the euro zone. The euro fell 0.16% to $1.159, its lowest since July 20.

- Date: 2017-11-07 · published 2017-11-07T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/68188-policy-divergence-bets-drive-dollar-gains-pull-euro-lower
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar on policy divergence makes US commodity exports more expensive for foreign buyers, which can soften dollar-denominated grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-12 | [Dollar jumps on central bank divergence, euro hits five-month low](https://feedsoft.ai/events/9970-dollar-jumps-on-central-bank-divergence-euro-hits-five-month-low.md) | +1.1% | +0.5% |
| DXY | 2022-07-06 | [Dollar gains, euro falls as energy drives currency swings](https://feedsoft.ai/events/10285-dollar-gains-euro-falls-as-energy-drives-currency-swings.md) | +0.7% | -0.5% |
| DXY | 2021-09-20 | [Evergrande jitters pull risk currencies lower, dollar gains on safety bid](https://feedsoft.ai/events/45274-evergrande-jitters-pull-risk-currencies-lower-dollar-gains-on-safety-bid.md) | +0.1% | +0.3% |
| DXY | 2020-01-23 | [Dollar gains vs euro as ECB holds policy steady, launches review](https://feedsoft.ai/events/55288-dollar-gains-vs-euro-as-ecb-holds-policy-steady-launches-review.md) | +0.4% | +1.8% |
| DXY | 2023-05-04 | [Dollar gains, euro dips after cautious ECB](https://feedsoft.ai/events/36157-dollar-gains-euro-dips-after-cautious-ecb.md) | -0.5% | +0.8% |
| EURUSD | 2024-04-12 | [Dollar jumps on central bank divergence, euro hits five-month low](https://feedsoft.ai/events/9970-dollar-jumps-on-central-bank-divergence-euro-hits-five-month-low.md) | -0.6% | +0.5% |
| EURUSD | 2022-07-06 | [Dollar gains, euro falls as energy drives currency swings](https://feedsoft.ai/events/10285-dollar-gains-euro-falls-as-energy-drives-currency-swings.md) | -1.8% | -0.6% |
| EURUSD | 2020-01-23 | [Dollar gains vs euro as ECB holds policy steady, launches review](https://feedsoft.ai/events/55288-dollar-gains-vs-euro-as-ecb-holds-policy-steady-launches-review.md) | -0.7% | -2.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/11/06/dollar-focuses-on-us-yield-moves-over-tax-uncertainty.html

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