# US Dollar to Yearly Highs as EUR/USD Breaks Down on Contagion Fears

> The US dollar rose to yearly highs as EUR/USD broke below 1.1500 for the first time in over a year, with the move driven by Turkey and concerns about contagion to European banks. Sterling also hit a fresh yearly low amid Brexit uncertainty.

- Date: 2018-08-10 · published 2018-08-10T12:00:00.000Z
- Category: macro · region Turkey · magnitude medium
- Page: https://feedsoft.ai/events/11066-us-dollar-to-yearly-highs-as-eur-usd-breaks-down-on-contagion-fears
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Dollar strength on contagion fears tends to pressure dollar-priced commodities and raises import costs for non-US feed buyers.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2018-08-10 | 1 | -1.4% | -3.3 | Describes the EUR/USD break below 1.15 and dollar strength on 2018-08-10, driven by Turkey contagion fears for European banks. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-14 | [EUR USD breaks down to new 2016 low as dollar extends strength](https://feedsoft.ai/events/9135-eur-usd-breaks-down-to-new-2016-low-as-dollar-extends-strength.md) | +1.4% | +0.8% |
| DXY | 2026-06-01 | [Investors expect US dollar to break higher as Fed battles inflation](https://feedsoft.ai/events/19465-investors-expect-us-dollar-to-break-higher-as-fed-battles-inflation.md) | +1.0% | +1.7% |
| DXY | 2016-11-30 | [USD JPY breaks out to new highs as dollar surges and safe havens suffer](https://feedsoft.ai/events/74086-usd-jpy-breaks-out-to-new-highs-as-dollar-surges-and-safe-havens-suffer.md) | -0.6% | +1.3% |
| DXY | 2026-05-27 | [Analysis-Investors expect US dollar to break higher as Fed battles inflation](https://feedsoft.ai/events/19166-analysis-investors-expect-us-dollar-to-break-higher-as-fed-battles-inflation.md) | -0.1% | +1.9% |
| DXY | 2018-04-26 | [South African Rand on Course for Four-year Highs Once US Dollar and Bond Yields Settle Down](https://feedsoft.ai/events/65805-south-african-rand-on-course-for-four-year-highs-once-us-dollar-and-bond-yields.md) | +0.7% | +2.1% |
| EURUSD | 2016-11-14 | [EUR USD breaks down to new 2016 low as dollar extends strength](https://feedsoft.ai/events/9135-eur-usd-breaks-down-to-new-2016-low-as-dollar-extends-strength.md) | -2.6% | -2.5% |
| 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 | 2016-06-21 | [EUR/USD down on Draghi, Brexit and no help from Yellen](https://feedsoft.ai/events/6959-eur-usd-down-on-draghi-brexit-and-no-help-from-yellen.md) | -2.6% | -2.7% |

## Sources

- nasdaq.com: https://www.nasdaq.com/articles/us-dollar-yearly-highs-eurusd-breaks-down-contagion-fears-2018-08-10

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