# Dollar struggles for direction, euro close to 1-1/2-month low

> The dollar was directionless on June 19 while the euro stayed near recent lows after hitting a 1.5-month low of $1.07 on Friday. Concerns over a new French government weakening fiscal discipline lifted the euro's debt risk premium.

- Date: 2024-06-19 · published 2024-06-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves shift the relative cost of US-priced feed commodities for euro-zone buyers and the competitiveness of EU versus US exports; a weaker euro modestly supports US grain and meal demand.

## Read by commodity

- DXY: neutral
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | -3.0% | -3.6% |
| EURUSD | 2026-06-18 | [Euro Slumps to 2-1/2-Month Low](https://feedsoft.ai/events/11514-euro-slumps-to-2-1-2-month-low.md) | -1.8% | -1.3% |
| EURUSD | 2024-04-12 | [Dollar jumps on central bank divergence, euro hits five-month low](https://feedsoft.ai/events/9970-dollar-jumps-on-central-bank-divergence-euro-hits-five-month-low.md) | -0.6% | +0.5% |
| EURUSD | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | -2.2% | -0.3% |
| EURUSD | 2026-10-01 | [Euro slides to 17-month low, hit by rates and inflation mix](https://feedsoft.ai/events/9648-euro-slides-to-17-month-low-hit-by-rates-and-inflation-mix.md) | -1.4% | -1.6% |
| DXY | 2021-11-10 | [Dollar near one-month low to yen as inflation test looms](https://feedsoft.ai/events/44279-dollar-near-one-month-low-to-yen-as-inflation-test-looms.md) | +1.1% | +1.8% |
| DXY | 2023-05-22 | [Daily FX 22.05.23: US Debt-Ceiling Talks, EUR/USD Direction Key To Pound Vs Euro, Dollar](https://feedsoft.ai/events/36197-daily-fx-22-05-23-us-debt-ceiling-talks-eur-usd-direction-key-to-pound-vs-euro.md) | +0.7% | -0.7% |
| DXY | 2022-01-29 | [Sterling close to 23-month high versus euro - Business & Finance - Business Recorder](https://feedsoft.ai/events/43377-sterling-close-to-23-month-high-versus-euro-business-and-finance-business.md) | -0.8% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-steadies-sterling-dips-ahead-inflation-test-2024-06-19/

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