# Europe wonders whether it can afford to take on the US dollar – POLITICO

> The euro's breach of $1.20 has prompted European policymakers to reconsider their goal of making the euro a reserve currency to rival the dollar. German Chancellor Merz said the strong euro is a considerable burden on German exporters.

- Date: 2026-01-30 · published 2026-01-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/21269-europe-wonders-whether-it-can-afford-to-take-on-the-us-dollar-politico
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Policy concern over euro strength and dollar dominance highlights ongoing currency volatility that affects the cost of dollar-priced feed imports and the competitiveness of European livestock and feed exports.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-04-25 | [Breakingviews - Europe can take advantage of King Dollar’s wobble \| Reuters](https://feedsoft.ai/events/25338-breakingviews-europe-can-take-advantage-of-king-dollar-s-wobble-reuters.md) | -0.7% | -0.7% |
| EURUSD | 2024-06-17 | [Dollar slips against euro as European political jitters subside](https://feedsoft.ai/events/29968-dollar-slips-against-euro-as-european-political-jitters-subside.md) | +0.3% | +1.7% |
| EURUSD | 2025-04-14 | [Why the U.S. dollar has plunged and euro soared on Trump tariffs](https://feedsoft.ai/events/7246-why-the-u-s-dollar-has-plunged-and-euro-soared-on-trump-tariffs.md) | +0.6% | -0.5% |
| EURUSD | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | -0.5% | -1.5% |
| EURUSD | 2021-10-28 | [Dollar index drops on euro rise after ECB comments](https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments.md) | -0.1% | -2.6% |
| DXY | 2019-11-01 | [US dollar could weaken to 85 on the dollar index: Citi](https://feedsoft.ai/events/56262-us-dollar-could-weaken-to-85-on-the-dollar-index-citi.md) | +0.2% | +0.9% |
| DXY | 2025-04-25 | [Breakingviews - Europe can take advantage of King Dollar’s wobble \| Reuters](https://feedsoft.ai/events/25338-breakingviews-europe-can-take-advantage-of-king-dollar-s-wobble-reuters.md) | +0.2% | -0.7% |
| DXY | 2024-06-17 | [Dollar slips against euro as European political jitters subside](https://feedsoft.ai/events/29968-dollar-slips-against-euro-as-european-political-jitters-subside.md) | -0.4% | -1.2% |

## Sources

- politico.eu: https://www.politico.eu/article/global-euro-eu-ambition-challenge-dollar/

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