# Dollar tanks as U.S. jobs cast doubt on pace of future hikes | Reuters

> The dollar fell sharply after US jobs data cast doubt on how quickly the Federal Reserve would continue raising rates. The move reversed part of the dollar's recent strength.

- Date: 2016-12-02 · published 2016-12-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/73648-dollar-tanks-as-u-s-jobs-cast-doubt-on-pace-of-future-hikes-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar tends to support US dollar-priced commodities such as grains and soybean products by making them cheaper for overseas buyers.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-23 | [Euro climbs as ECB eyes rate hikes, dollar slides \| Reuters](https://feedsoft.ai/events/12687-euro-climbs-as-ecb-eyes-rate-hikes-dollar-slides-reuters.md) | -0.9% | +1.1% |
| DXY | 2023-01-27 | [Stocks, dollar gain on allure of Fed soft landing \| Reuters](https://feedsoft.ai/events/37972-stocks-dollar-gain-on-allure-of-fed-soft-landing-reuters.md) | -0.6% | +2.1% |
| DXY | 2019-01-30 | [US Dollar In Sharp Sell-off Vs Euro, Pound As FED Confirms Will Be 'Patient' On Future Hikes](https://feedsoft.ai/events/61288-us-dollar-in-sharp-sell-off-vs-euro-pound-as-fed-confirms-will-be-patient-on.md) | +0.0% | +0.2% |
| DXY | 2017-08-25 | [Stocks rise, U.S. dollar eases as Yellen omits policy \| Reuters](https://feedsoft.ai/events/69365-stocks-rise-u-s-dollar-eases-as-yellen-omits-policy-reuters.md) | -0.3% | -0.9% |
| DXY | 2022-09-09 | [Dollar slides as investors balance positions ahead of U.S. inflation data \| Reuters](https://feedsoft.ai/events/39800-dollar-slides-as-investors-balance-positions-ahead-of-u-s-inflation-data-reuters.md) | +0.2% | +2.1% |

## Sources

- reuters.com: https://www.reuters.com/article/idUSKBN13R01J/

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