# USD Continues to Struggle. EU News Supports Euro - ActionForex

> The dollar stayed under pressure while the euro gained, after ECB officials backed extending asset purchases into a fourth year at half the current pace. The South African Reserve Bank held its benchmark rate at 6.75%, and the Turkish lira struggled amid questions about central bank independence.

- Date: 2017-11-23 · published 2017-11-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68190-usd-continues-to-struggle-eu-news-supports-euro-actionforex
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar tends to support dollar-priced commodities and can make US exports cheaper for buyers using other currencies, which is supportive for feed prices.

## Read by commodity

- DXY: bearish ▼

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/59178-usd-continues-to-struggle-eu-news-supports-euro/

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