# Euro plunges to 13-month nadir versus dollar

> EUR/USD fell below $1.15 to its lowest since July 2017 after US consumer price data showed headline inflation at 2.9% and core accelerating to 2.4%. Traders priced in two Federal Reserve rate hikes this year.

- Date: 2018-08-10 · published 2018-08-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11065-euro-plunges-to-13-month-nadir-versus-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Stronger US inflation data raised expectations of Fed tightening, lifting the dollar and pressuring the euro, which tends to weigh on dollar-denominated grain and feed prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-25 | [Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data](https://feedsoft.ai/events/19034-euro-stabilizes-near-13-month-lows-against-the-us-dollar-after-in-line-us.md) | -0.2% | -0.4% |
| DXY | 2016-11-15 | [Dollar hovers at 11-month high after upbeat U.S. data](https://feedsoft.ai/events/7744-dollar-hovers-at-11-month-high-after-upbeat-u-s-data.md) | +0.2% | -0.4% |
| DXY | 2026-08-26 | [Euro comes under pressure against US Dollar after mixed US PCE data](https://feedsoft.ai/events/18103-euro-comes-under-pressure-against-us-dollar-after-mixed-us-pce-data.md) | +0.4% | +1.6% |
| DXY | 2022-07-29 | [U.S. dollar soared Friday while Yen plunged in the red](https://feedsoft.ai/events/40737-u-s-dollar-soared-friday-while-yen-plunged-in-the-red.md) | -0.2% | +0.8% |
| DXY | 2026-02-27 | [U.S. dollar heads for first monthly gain since October](https://feedsoft.ai/events/7898-u-s-dollar-heads-for-first-monthly-gain-since-october.md) | +1.4% | +2.1% |
| EURUSD | 2026-06-25 | [Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data](https://feedsoft.ai/events/19034-euro-stabilizes-near-13-month-lows-against-the-us-dollar-after-in-line-us.md) | +0.3% | +0.2% |
| EURUSD | 2019-01-31 | [Euro-to-Dollar Rate: Economic Data Suggests There Could Be More Bad News to Come](https://feedsoft.ai/events/61306-euro-to-dollar-rate-economic-data-suggests-there-could-be-more-bad-news-to-come.md) | -0.3% | -0.4% |
| EURUSD | 2026-08-26 | [Euro comes under pressure against US Dollar after mixed US PCE data](https://feedsoft.ai/events/18103-euro-comes-under-pressure-against-us-dollar-after-mixed-us-pce-data.md) | -0.7% | -2.4% |

## Sources

- economies.com: https://www.economies.com/forex/eur-usd-news/euro-plunges-to-13-month-nadir-versus-dollar-24032

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