# Dollar's Gains Pared, but Set to Snap Six Month Losing Streak Against the Euro - Marc to Market  Marc Chandler on Global FX and Capital Markets

> The dollar index is snapping a six-month decline as US 10-year yields rose 18 basis points in September, the biggest monthly increase since last November. Market odds of a December Fed hike rose sharply, with Bloomberg at 66% and CME at 76%.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/69152-dollar-s-gains-pared-but-set-to-snap-six-month-losing-streak-against-the-euro
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A stronger dollar driven by higher yields and hike expectations tends to weigh on dollar-priced grains and meal, while a weaker euro and real can reduce foreign buying power for US feed exports.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-28 | [The Dollar Moves Back to the Fulcrum between the Funding and Higher Beta Currencies - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/11258-the-dollar-moves-back-to-the-fulcrum-between-the-funding-and-higher-beta.md) | -0.2% | -0.9% |
| DXY | 2020-01-19 | [The Charts: China Allows CNY to Rise Against the Dollar as the Greenback Advances Against Almost Everyone Else - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/7877-the-charts-china-allows-cny-to-rise-against-the-dollar-as-the-greenback.md) | +0.6% | +1.3% |
| DXY | 2020-10-18 | [Sterling and Yuan Resilience, While Rate Differentials Aid Dollar?  - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/50814-sterling-and-yuan-resilience-while-rate-differentials-aid-dollar-marc-to-market.md) | -0.7% | -1.7% |
| DXY | 2019-08-01 | [Mid-Course Correction Sends Greenback Higher - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/57512-mid-course-correction-sends-greenback-higher-marc-to-market-marc-chandler-on.md) | +1.1% | +2.1% |
| DXY | 2023-09-25 | [Sterling hits fresh multi-month lows on dollar and euro - Markets - Business Recorder](https://feedsoft.ai/events/34356-sterling-hits-fresh-multi-month-lows-on-dollar-and-euro-markets-business.md) | +0.6% | +1.4% |
| EURUSD | 2020-10-18 | [Sterling and Yuan Resilience, While Rate Differentials Aid Dollar?  - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/50814-sterling-and-yuan-resilience-while-rate-differentials-aid-dollar-marc-to-market.md) | +1.1% | +1.1% |
| EURUSD | 2019-08-30 | [The Euro-Dollar Charts Point Lower and a Recession in Germany "Just Moved One Step Closer"](https://feedsoft.ai/events/57803-the-euro-dollar-charts-point-lower-and-a-recession-in-germany-just-moved-one.md) | -0.2% | -1.1% |
| EURUSD | 2022-07-05 | [Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times](https://feedsoft.ai/events/10287-euro-hits-20-year-low-against-dollar-as-markets-slide-the-new-york-times.md) | -3.1% | -1.3% |

## Sources

- marctomarket.com: https://www.marctomarket.com/2017/09/dollars-gains-pared-but-set-to-snap-six.html

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