# Euro Slumps to 2-1/2-Month Low

> The euro fell below $1.15 to its lowest level since late March as the Fed held rates but projected a possible hike by end-2026. Oil prices rebounded after Iran intensified attacks on Strait of Hormuz shipping, and French fiscal concerns weighed on the euro.

- Date: 2026-06-18 · published 2026-06-18T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11514-euro-slumps-to-2-1-2-month-low
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger dollar makes US commodity exports cheaper for foreign buyers, which tends to pressure grain and meal prices. Renewed energy costs also feed into freight and fertilizer expenses for feed producers.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2026-06-18 | 1 | -1.1% | -3.2 | Euro fell below $1.15 to a 2.5-month low on 2026-06-18 after the hawkish Fed hold, with oil and French fiscal worries adding pressure, directly matching the day's drop. |
| DXY | 2026-06-24 | 5 | +1.8% | 3.1 | EUR, the largest weight in the broad index, fell to a 2.5-month low post-Fed, mechanically lifting the dollar index. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | -3.0% | -3.6% |
| EURUSD | 2024-06-19 | [Dollar struggles for direction, euro close to 1-1/2-month low](https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low.md) | -0.5% | +1.6% |
| EURUSD | 2026-10-01 | [Euro slides to 17-month low, hit by rates and inflation mix](https://feedsoft.ai/events/9648-euro-slides-to-17-month-low-hit-by-rates-and-inflation-mix.md) | -1.4% | -1.6% |
| EURUSD | 2022-07-05 | [Euro slumps to two-decade low as recession fears grow](https://feedsoft.ai/events/10283-euro-slumps-to-two-decade-low-as-recession-fears-grow.md) | -3.1% | -1.3% |
| EURUSD | 2026-10-02 | [Euro sinks to 17-month low – Lagarde calls for a 'measured' ECB approach](https://feedsoft.ai/events/9650-euro-sinks-to-17-month-low-lagarde-calls-for-a-measured-ecb-approach.md) | -0.4% | -0.6% |
| DXY | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | +1.7% | +2.5% |
| DXY | 2026-10-01 | [Euro slides to 17-month low, hit by rates and inflation mix](https://feedsoft.ai/events/9648-euro-slides-to-17-month-low-hit-by-rates-and-inflation-mix.md) | +0.2% | +0.6% |
| DXY | 2022-07-05 | [Euro slumps to two-decade low as recession fears grow](https://feedsoft.ai/events/10283-euro-slumps-to-two-decade-low-as-recession-fears-grow.md) | +1.5% | -0.1% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/euro-area/currency/news/560048

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