# Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times

> The euro fell to a 20-year low against the dollar as fears about the European economy weighed on the currency. The move coincided with stock declines, bond warning signals and sharply falling oil prices.

- Date: 2022-07-05 · published 2022-07-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/10287-euro-hits-20-year-low-against-dollar-as-markets-slide-the-new-york-times
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad risk-off moves across currencies, equities and oil signal weaker global demand, pressuring energy and commodity prices and making dollar-priced feed inputs relatively more expensive for non-US buyers.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-07-05 | 5 | -3.3% | -3.4 | Reports the euro at a 20-year low on 2022-07-05 amid European economic worries and risk-off markets, which supports dollar demand. |
| WTI | 2022-07-05 | 1 | -5.7% | -3.3 | Same-day euro 20-year low, stock declines and sharply falling oil show risk-off sentiment and a strong dollar pressuring crude. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.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 | 2024-04-16 | [Dollar hits 5-month high against euro; yen weakest since 1990](https://feedsoft.ai/events/30942-dollar-hits-5-month-high-against-euro-yen-weakest-since-1990.md) | +0.1% | +1.4% |
| EURUSD | 2020-02-13 | [Euro sinks against dollar as US assets look more attractive](https://feedsoft.ai/events/54800-euro-sinks-against-dollar-as-us-assets-look-more-attractive.md) | -0.9% | +1.7% |
| EURUSD | 2024-11-11 | [Euro hits near 7-month low vs dollar as tariff worries weigh \| Reuters](https://feedsoft.ai/events/7555-euro-hits-near-7-month-low-vs-dollar-as-tariff-worries-weigh-reuters.md) | -1.2% | -1.8% |
| WTI | 2017-06-28 | [Euro touches one-year high as markets react to Draghi – The Irish Times](https://feedsoft.ai/events/70719-euro-touches-one-year-high-as-markets-react-to-draghi-the-irish-times.md) | +2.0% | +9.9% |
| WTI | 2022-06-22 | [Rupee hits fresh all-time low vs dollar as US rate hike worries deepen \| News on Markets - Business Standard](https://feedsoft.ai/events/41217-rupee-hits-fresh-all-time-low-vs-dollar-as-us-rate-hike-worries-deepen-news-on.md) | +2.2% | -6.2% |
| WTI | 2020-02-03 | [Canadian dollar slides to two-month low as China virus hits oil demand - The Globe and Mail](https://feedsoft.ai/events/54810-canadian-dollar-slides-to-two-month-low-as-china-virus-hits-oil-demand-the.md) | -2.4% | -9.3% |

## Sources

- nytimes.com: https://www.nytimes.com/2022/07/05/business/euro-dollar-inflation-markets.html

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