# The euro is plunging – and probably won’t bounce back soon

> The euro has fallen about 9% against the dollar since the start of 2021 and dropped 3% in November amid COVID violence in European capitals, migration pressure at the Belarus-Poland border, and Russian troops near Ukraine. Analysts note the euro remains stronger than in 2020.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11260-the-euro-is-plunging-and-probably-won-t-bounce-back-soon
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker euro makes US exports cheaper for European buyers, supporting US feed commodity demand, while European feed import costs rise.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-11-13 | [Why is the euro falling and could it hit $1?](https://feedsoft.ai/events/7554-why-is-the-euro-falling-and-could-it-hit-1.md) | -0.2% | -0.8% |
| EURUSD | 2019-07-29 | [The Euro-Dollar Rate Could Bounce if Fed Cuts Rates but It Won't Last, Analysts Say](https://feedsoft.ai/events/58316-the-euro-dollar-rate-could-bounce-if-fed-cuts-rates-but-it-won-t-last-analysts.md) | -0.1% | +0.2% |
| EURUSD | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.2% | +2.5% |
| EURUSD | 2021-09-28 | [Surging Inflation Fears Stoke Pound Sterling Advance against the Euro and Dollar](https://feedsoft.ai/events/45311-surging-inflation-fears-stoke-pound-sterling-advance-against-the-euro-and-dollar.md) | -0.7% | -1.0% |
| EURUSD | 2018-05-30 | [Worsening Italian crisis batters stock markets and euro](https://feedsoft.ai/events/65216-worsening-italian-crisis-batters-stock-markets-and-euro.md) | +1.0% | +1.1% |

## Sources

- theconversation.com: https://theconversation.com/the-euro-is-plunging-and-probably-wont-bounce-back-soon-172437

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