# Dollar drops to lowest since 2021 against euro, sterling

> On June 26, 2025 the dollar fell to its lowest level since 2021 against the euro and sterling. Futures traders priced a 23% chance of a July Fed cut and about 93% odds of a cut by September. Traders expected about 66 basis points of cuts by year-end.

- Date: 2025-06-26 · published 2025-06-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/24414-dollar-drops-to-lowest-since-2021-against-euro-sterling
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected Fed rate cuts reduce the dollar's yield advantage, which weakens the currency and tends to support dollar-denominated commodity prices. Lower US rates can also ease financing costs for feed and livestock operations.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | +0.4% | +1.3% |
| DXY | 2022-11-07 | [Euro, sterling bounce, dollar drops as investors cash in](https://feedsoft.ai/events/6252-euro-sterling-bounce-dollar-drops-as-investors-cash-in.md) | -2.9% | -3.2% |
| DXY | 2026-02-01 | [Dollar drops against dong](https://feedsoft.ai/events/21351-dollar-drops-against-dong.md) | +0.3% | +0.7% |
| DXY | 2026-09-01 | [Sterling hits six-month high against fading dollar](https://feedsoft.ai/events/18143-sterling-hits-six-month-high-against-fading-dollar.md) | -0.6% | +2.1% |
| DXY | 2023-12-08 | [Dollar drops to one-week low against dong VnExpress News](https://feedsoft.ai/events/33028-dollar-drops-to-one-week-low-against-dong-vnexpress-news.md) | -0.9% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/world/middle-east/dollar-hits-fresh-lows-trump-attacks-threaten-fed-credibility-2025-06-26/

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