# US dollar market sees major sell off as currency traders buy EUR

> The US dollar had its worst week since 2016 after the Federal Reserve cut rates by an emergency 50 basis points, sending Treasury yields sharply lower. Markets saw a record global bond rally and the euro rose to an eight-month high against the dollar as coronavirus recession fears grew.

- Date: 2020-03-09 · published 2020-03-09T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10776-us-dollar-market-sees-major-sell-off-as-currency-traders-buy-eur
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar and emergency Fed easing tend to support dollar-denominated commodity prices, while recession fears weigh on energy and industrial demand; the net effect on feed markets is mixed but the dollar move is significant.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-05 | [Dollar weakens against major currencies as markets weigh tariff uncertainty](https://feedsoft.ai/events/9622-dollar-weakens-against-major-currencies-as-markets-weigh-tariff-uncertainty.md) | +0.0% | -1.1% |
| DXY | 2023-07-27 | [Ringgit opens stronger versus US dollar, major currencies](https://feedsoft.ai/events/35323-ringgit-opens-stronger-versus-us-dollar-major-currencies.md) | +1.2% | +1.9% |
| DXY | 2025-08-06 | [Dollar falls as traders bet on more rate cuts](https://feedsoft.ai/events/23519-dollar-falls-as-traders-bet-on-more-rate-cuts.md) | -0.5% | -0.3% |
| DXY | 2021-01-22 | [FX traders brush off ECB talk, bet euro-dollar has further to run - Markets - Business Recorder](https://feedsoft.ai/events/49376-fx-traders-brush-off-ecb-talk-bet-euro-dollar-has-further-to-run-markets.md) | +0.7% | +0.5% |
| DXY | 2021-02-18 | [Current US dollar rally is a bear market correction – ING — Octa](https://feedsoft.ai/events/48820-current-us-dollar-rally-is-a-bear-market-correction-ing-octa.md) | -0.3% | +1.0% |
| EURUSD | 2021-01-22 | [FX traders brush off ECB talk, bet euro-dollar has further to run - Markets - Business Recorder](https://feedsoft.ai/events/49376-fx-traders-brush-off-ecb-talk-bet-euro-dollar-has-further-to-run-markets.md) | -0.2% | -0.1% |
| EURUSD | 2020-08-28 | [Euro (EUR USD) Revives Global Challenge for the Dollar’s Currency Crown - Bloomberg](https://feedsoft.ai/events/51823-euro-eur-usd-revives-global-challenge-for-the-dollar-s-currency-crown-bloomberg.md) | +0.1% | -1.7% |
| EURUSD | 2017-07-31 | [Euro charges to 2 1/2-year high as dollar slumps - MarketWatch](https://feedsoft.ai/events/70183-euro-charges-to-2-1-2-year-high-as-dollar-slumps-marketwatch.md) | 0.0% | +1.0% |

## Sources

- thearmchairtrader.com: https://www.thearmchairtrader.com/us-dollar-currency-market-sell-off/

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