# Euro falls after ECB holds rates, dollar climbs after data

> The euro fell about 0.37% on July 18, 2024, after the ECB kept rates steady, while the dollar index rose on stronger-than-expected US jobs and manufacturing data. Jobless claims rose to 243,000, above estimates.

- Date: 2024-07-18 · published 2024-07-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29485-euro-falls-after-ecb-holds-rates-dollar-climbs-after-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar after firm US data makes dollar-priced commodities costlier for non-US buyers and can soften US export prices for grains and meals.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-27 | [Euro falls against the dollar after ECB rate hike, U.S. data](https://feedsoft.ai/events/39360-euro-falls-against-the-dollar-after-ecb-rate-hike-u-s-data.md) | +0.7% | -2.5% |
| DXY | 2020-03-12 | [Euro falls after ECB holds fire, dollar jumps as spreads widen](https://feedsoft.ai/events/6271-euro-falls-after-ecb-holds-fire-dollar-jumps-as-spreads-widen.md) | +5.0% | +4.2% |
| DXY | 2024-12-12 | [Dollar higher on fresh inflation data, euro lower after ECB rate cut](https://feedsoft.ai/events/27173-dollar-higher-on-fresh-inflation-data-euro-lower-after-ecb-rate-cut.md) | +0.6% | +2.4% |
| DXY | 2022-10-28 | [Euro US Dollar Exchange Rate Falls \| Exchange Rates UK](https://feedsoft.ai/events/39364-euro-us-dollar-exchange-rate-falls-exchange-rates-uk.md) | +1.2% | -2.4% |
| DXY | 2026-10-01 | [Dollar rises, euro slips after ECB rate increase](https://feedsoft.ai/events/17692-dollar-rises-euro-slips-after-ecb-rate-increase.md) | +0.2% | +0.6% |
| EURUSD | 2022-10-27 | [Euro falls against the dollar after ECB rate hike, U.S. data](https://feedsoft.ai/events/39360-euro-falls-against-the-dollar-after-ecb-rate-hike-u-s-data.md) | -1.9% | +3.3% |
| EURUSD | 2020-03-12 | [Euro falls after ECB holds fire, dollar jumps as spreads widen](https://feedsoft.ai/events/6271-euro-falls-after-ecb-holds-fire-dollar-jumps-as-spreads-widen.md) | -4.0% | -3.7% |
| EURUSD | 2024-12-12 | [Dollar higher on fresh inflation data, euro lower after ECB rate cut](https://feedsoft.ai/events/27173-dollar-higher-on-fresh-inflation-data-euro-lower-after-ecb-rate-cut.md) | -0.4% | -2.6% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/yen-spikes-spectre-intervention-spooks-004045719.html

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