# With US dollar nearly equal to euro, impact is being felt | AP News

> The euro has weakened this year largely due to fears that the 19 euro zone countries will enter recession. The Ukraine war has amplified oil and gas prices and hurt European consumers and businesses.

- Date: 2022-07-07 · published 2022-07-07T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/10288-with-us-dollar-nearly-equal-to-euro-impact-is-being-felt-ap-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Persistent euro weakness and energy price pressure raise input costs and dampen European feed demand, supporting a stronger dollar relative to euro-based purchasing power.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-03-04 | [Flight to Quality Takes US Dollar Higher - ADM Investor Services](https://feedsoft.ai/events/12082-flight-to-quality-takes-us-dollar-higher-adm-investor-services.md) | -0.4% | +0.4% |
| EURUSD | 2026-03-02 | [Euro Declines on Dollar Strength](https://feedsoft.ai/events/11007-euro-declines-on-dollar-strength.md) | -1.8% | -2.6% |
| EURUSD | 2022-01-24 | [Ukraine tensions lift dollar, send euro lower](https://feedsoft.ai/events/6267-ukraine-tensions-lift-dollar-send-euro-lower.md) | -1.6% | -0.2% |
| EURUSD | 2022-09-05 | [Euro plunges to new 20-year low after Russian gas halt](https://feedsoft.ai/events/39802-euro-plunges-to-new-20-year-low-after-russian-gas-halt.md) | +1.0% | -2.2% |
| EURUSD | 2022-09-22 | [Euro plummets to a 20-year low amid war in Ukraine](https://feedsoft.ai/events/39804-euro-plummets-to-a-20-year-low-amid-war-in-ukraine.md) | -2.0% | -0.6% |
| DXY | 2022-03-04 | [Flight to Quality Takes US Dollar Higher - ADM Investor Services](https://feedsoft.ai/events/12082-flight-to-quality-takes-us-dollar-higher-adm-investor-services.md) | +0.7% | -0.6% |
| DXY | 2022-03-02 | [The US dollar Index Hits Multi-Year Highs  - Benzinga](https://feedsoft.ai/events/12083-the-us-dollar-index-hits-multi-year-highs-benzinga.md) | +1.6% | -0.2% |
| DXY | 2022-02-22 | [US Dollar Index advances to multi-day highs near 96.30 on geopolitics: Analytics and Market news from 22 February 2022 06:43](https://feedsoft.ai/events/6986-us-dollar-index-advances-to-multi-day-highs-near-96-30-on-geopolitics-analytics.md) | +0.4% | +1.0% |

## Sources

- apnews.com: https://apnews.com/article/inflation-russia-ukraine-travel-global-trade-economy-8da8363000ee51f9e220a5f9db9610c9

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