# EUR/USD plunges below 1.1600 as US Dollar rallies amid risk-aversion mood

> EUR/USD fell below 1.1600 as the dollar rallied on risk-off sentiment tied to the escalating US-Iran war. The Dollar Index rose 0.8% to near 99.40, its highest in over a month, and S&P 500 futures fell about 1.5%. Eurozone headline and core inflation both rose faster than expected in February.

- Date: 2026-03-03 · published 2026-03-03T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/11006-eur-usd-plunges-below-1-1600-as-us-dollar-rallies-amid-risk-aversion-mood
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven dollar strength and risk-off flows raise the cost of dollar-denominated commodities for non-US buyers. Weaker euro import purchasing power could reduce European feed demand from dollar-priced sources.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-24 | [G-10 currencies plummet as Dollar posts largest rally since 2020 \| World News](https://feedsoft.ai/events/6984-g-10-currencies-plummet-as-dollar-posts-largest-rally-since-2020-world-news.md) | -1.9% | -2.8% |
| EURUSD | 2022-04-28 | [New 5-year Lows for EUR/USD Rate, More Losses on Energy Risks Possible says MUFG](https://feedsoft.ai/events/8289-new-5-year-lows-for-eur-usd-rate-more-losses-on-energy-risks-possible-says-mufg.md) | -0.1% | +1.0% |
| EURUSD | 2022-02-24 | [Investors flock to the dollar as G-10 currencies plummet following Ukraine invasion \| Fortune](https://feedsoft.ai/events/6982-investors-flock-to-the-dollar-as-g-10-currencies-plummet-following-ukraine.md) | -1.9% | -2.8% |
| 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 | 2026-03-30 | [AUD/USD weakens as Trump-driven risk aversion boosts US Dollar](https://feedsoft.ai/events/20406-aud-usd-weakens-as-trump-driven-risk-aversion-boosts-us-dollar.md) | -0.2% | -1.8% |
| DXY | 2026-03-25 | [GBP/USD slips as risk aversion, sticky UK inflation lift US Dollar](https://feedsoft.ai/events/20431-gbp-usd-slips-as-risk-aversion-sticky-uk-inflation-lift-us-dollar.md) | +0.8% | -1.4% |
| DXY | 2021-07-19 | [Canadian dollar falls by most in 13 months on rising risk aversion \| Financial Post](https://feedsoft.ai/events/46275-canadian-dollar-falls-by-most-in-13-months-on-rising-risk-aversion-financial.md) | +0.4% | +0.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-plunges-below-11600-as-us-dollar-rallies-amid-risk-aversion-mood-202603031147

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