# Why the euro's rise to $1.20 is a big deal | Reuters

> The euro rose above $1.20 against the dollar, its highest level since 2021, and was up about 2.1% in January. The move reflects broad selling of the dollar as investor sentiment toward the US currency weakens.

- Date: 2026-01-28 · published 2026-01-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/21263-why-the-euro-s-rise-to-1-20-is-a-big-deal-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar typically makes dollar-priced commodities cheaper for buyers outside the US, which can support US feed grain and oilseed prices and firm import demand.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-07-24 | [ECB holds rates steady: Why is the Euro rising?](https://feedsoft.ai/events/18562-ecb-holds-rates-steady-why-is-the-euro-rising.md) | +1.3% | +2.7% |
| EURUSD | 2017-08-30 | [The ECB can do little to stop the euro’s rise \| articles \| ING THINK](https://feedsoft.ai/events/69663-the-ecb-can-do-little-to-stop-the-euro-s-rise-articles-ing-think.md) | -0.7% | -2.3% |
| EURUSD | 2019-11-10 | [Why the euro is emerging as a brave bet against the dollar \| The National](https://feedsoft.ai/events/56286-why-the-euro-is-emerging-as-a-brave-bet-against-the-dollar-the-national.md) | +0.5% | +0.6% |
| EURUSD | 2026-02-11 | [Euro and yuan global ambitions hasten the dollar drop \| Reuters](https://feedsoft.ai/events/20808-euro-and-yuan-global-ambitions-hasten-the-dollar-drop-reuters.md) | -0.7% | -2.8% |
| EURUSD | 2020-12-01 | [Why the U.S. dollar is trading at a 2 1/2-year low - MarketWatch](https://feedsoft.ai/events/49845-why-the-u-s-dollar-is-trading-at-a-2-1-2-year-low-marketwatch.md) | +1.6% | +2.8% |
| DXY | 2019-11-10 | [Why the euro is emerging as a brave bet against the dollar \| The National](https://feedsoft.ai/events/56286-why-the-euro-is-emerging-as-a-brave-bet-against-the-dollar-the-national.md) | +0.0% | -0.1% |
| DXY | 2026-02-11 | [Euro and yuan global ambitions hasten the dollar drop \| Reuters](https://feedsoft.ai/events/20808-euro-and-yuan-global-ambitions-hasten-the-dollar-drop-reuters.md) | +0.3% | +1.5% |
| DXY | 2023-07-14 | [Tumbling US dollar a boon to risk assets across the globe \| Reuters](https://feedsoft.ai/events/9979-tumbling-us-dollar-a-boon-to-risk-assets-across-the-globe-reuters.md) | +0.4% | +1.7% |

## Sources

- reuters.com: https://www.reuters.com/business/why-euros-rise-120-is-big-deal-2026-01-28/

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