# Dollar loses ground after economic data boosts risk appetite | Financial Post

> The U.S. dollar lost ground to the euro, yen and sterling after a producer price index rise of 8.0% year over year came in below forecasts. The data followed a smaller-than-expected October consumer price increase. Investors read the data as evidence that inflation is easing.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7563-dollar-loses-ground-after-economic-data-boosts-risk-appetite-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Signs of easing inflation raise hopes that the Fed will slow rate hikes, which weakens the dollar and can support commodity prices, while a funding squeeze could reverse the move.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-22 | [C$ rises as October flash economic estimates show gains \| Financial Post](https://feedsoft.ai/events/38910-c-rises-as-october-flash-economic-estimates-show-gains-financial-post.md) | -0.8% | -2.1% |
| DXY | 2022-11-11 | [Dollar loses shine, yuan jumps after China modifies COVID protocol \| Financial Post](https://feedsoft.ai/events/8207-dollar-loses-shine-yuan-jumps-after-china-modifies-covid-protocol-financial-post.md) | -0.7% | -1.6% |
| DXY | 2022-11-01 | [Dollar droops amid improved risk mood before Fed; Aussie pares gain after RBA \| Financial Post](https://feedsoft.ai/events/38926-dollar-droops-amid-improved-risk-mood-before-fed-aussie-pares-gain-after-rba.md) | -1.0% | -3.2% |
| DXY | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | +0.6% | +2.5% |
| DXY | 2025-11-01 | [US dollar slips as trade optimism boosts risk appetite](https://feedsoft.ai/events/22637-us-dollar-slips-as-trade-optimism-boosts-risk-appetite.md) | +0.0% | -0.2% |
| EURUSD | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | -0.1% | -2.6% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |
| EURUSD | 2020-05-28 | [Dollar weak as improved risk appetite, EU recovery fund hopes lift euro](https://feedsoft.ai/events/53349-dollar-weak-as-improved-risk-appetite-eu-recovery-fund-hopes-lift-euro.md) | +2.5% | +2.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-loses-ground-after-economic-data-boosts-risk-appetite
- cnbc.com: https://www.cnbc.com/2022/11/15/forex-markets-federal-reserve-interest-rate-hikes-inflation-japan-yen.html

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