# Dollar gains, euro falls as energy drives currency swings

> The dollar rose to fresh 20-year highs and the euro hit a new two-decade low as rising energy prices weighed on the euro zone economy. The dollar gained safe-haven appeal in the process.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/10285-dollar-gains-euro-falls-as-energy-drives-currency-swings
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger dollar and higher energy costs in Europe shift currency relationships that affect dollar-denominated grain and meal prices and the cost of imported feed for euro-based buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | +0.3% | +1.6% |
| EURUSD | 2017-11-07 | [Policy divergence bets drive dollar gains, pull euro lower](https://feedsoft.ai/events/68188-policy-divergence-bets-drive-dollar-gains-pull-euro-lower.md) | +1.4% | +1.6% |
| EURUSD | 2022-10-05 | [Dollar gains as investors see Fed stance likely unchanged; euro, sterling fall](https://feedsoft.ai/events/9335-dollar-gains-as-investors-see-fed-stance-likely-unchanged-euro-sterling-fall.md) | -2.9% | -1.0% |
| EURUSD | 2017-04-28 | [Euro falls against U.S. dollar on dovish ECB tone - Trending News](https://feedsoft.ai/events/71695-euro-falls-against-u-s-dollar-on-dovish-ecb-tone-trending-news.md) | +0.9% | +3.3% |
| EURUSD | 2022-05-20 | [Dollar Vs. Euro: Eurozone's Falling Currency Risks Stoking Inflation - Markets Insider](https://feedsoft.ai/events/41615-dollar-vs-euro-eurozone-s-falling-currency-risks-stoking-inflation-markets.md) | +1.3% | -1.1% |
| DXY | 2023-02-16 | [EM currencies muted as dollar rises, Colombia's peso falls again](https://feedsoft.ai/events/37627-em-currencies-muted-as-dollar-rises-colombia-s-peso-falls-again.md) | +0.5% | +1.1% |
| DXY | 2017-11-07 | [Policy divergence bets drive dollar gains, pull euro lower](https://feedsoft.ai/events/68188-policy-divergence-bets-drive-dollar-gains-pull-euro-lower.md) | -0.2% | -0.8% |
| DXY | 2022-10-05 | [Dollar gains as investors see Fed stance likely unchanged; euro, sterling fall](https://feedsoft.ai/events/9335-dollar-gains-as-investors-see-fed-stance-likely-unchanged-euro-sterling-fall.md) | +1.6% | +0.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/dollar-rules-recession-fears-hit-euro-pound-under-fire-2022-07-06/

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