# Euro slides to 20-year low against the dollar as recession fears build

> The euro fell to its lowest level in two decades, hitting $1.0265 against the dollar as the dollar index gained 1.29%. Recession fears grew after the Sentix index plunged and euro zone inflation hit a record 8.6% in June.

- Date: 2022-07-05 · published 2022-07-05T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Euro weakness combined with record inflation and a possible ECB rate hike path shapes European borrowing costs and currency-driven import prices for feed ingredients, with a firmer dollar supporting dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-07-05 | 5 | -3.3% | -3.4 | Euro fell to $1.0265 on 2022-07-05 as the Sentix plunge and record 8.6% euro zone inflation fed recession fears and dollar strength. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| EURUSD | 2022-07-05 | [Euro slumps to two-decade low as recession fears grow](https://feedsoft.ai/events/10283-euro-slumps-to-two-decade-low-as-recession-fears-grow.md) | -3.1% | -1.3% |
| EURUSD | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | -2.2% | -0.3% |
| EURUSD | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | +0.4% | +1.7% |
| EURUSD | 2016-12-09 | [Euro, yen fall as dollar momentum builds again](https://feedsoft.ai/events/73650-euro-yen-fall-as-dollar-momentum-builds-again.md) | -2.4% | -0.5% |
| DXY | 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) | +1.5% | -0.1% |
| DXY | 2022-07-05 | [Euro slumps to two-decade low as recession fears grow](https://feedsoft.ai/events/10283-euro-slumps-to-two-decade-low-as-recession-fears-grow.md) | +1.5% | -0.1% |
| DXY | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | +1.6% | +1.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/07/05/euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.html

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