# Earning influence: lessons from the history of international currencies

> Lagarde's Berlin speech argued that the US-led rules-based order is fracturing and that the dollar's dominance is uncertain. She said the changing landscape could open the door for a greater international role for the euro.

- Date: 2025-05-26 · published 2025-05-26T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/24906-earning-influence-lessons-from-the-history-of-international-currencies
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Fragmentation of world trade could reduce global trade volumes in feed and grain, but the speech itself does not change current supply or prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-09-12 | [ECB press conference - introductory statement \| Bank for International Settlements](https://feedsoft.ai/events/57277-ecb-press-conference-introductory-statement-bank-for-international-settlements.md) | +0.5% | -0.2% |
| EURUSD | 2017-04-28 | [ECB press conference - introductory statement \| Bank for International Settlements](https://feedsoft.ai/events/71693-ecb-press-conference-introductory-statement-bank-for-international-settlements.md) | +0.9% | +3.3% |
| EURUSD | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | +0.9% | +1.6% |
| EURUSD | 2021-12-07 | [Forex: where next for the Euro as inflation surges to 4.9%? \| IG International](https://feedsoft.ai/events/43833-forex-where-next-for-the-euro-as-inflation-surges-to-4-9-ig-international.md) | +0.1% | +0.5% |
| EURUSD | 2017-10-27 | [Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)](https://feedsoft.ai/events/68668-decisions-taken-by-the-governing-council-of-the-ecb-in-addition-to-decisions.md) | -0.2% | +1.8% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/key/date/2025/html/ecb.sp250526~d8d4541ce5.en.html

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