# EUR/USD plummets to 1.0670 as Fed's hawkish policy keeps US Dollar firm

> EUR/USD fell to about 1.0670 on June 14, a six-week low, as the Fed's hawkish stance kept the dollar firm. Euro weakness also reflected uncertainty ahead of French snap legislative elections.

- Date: 2024-06-14 · published 2024-06-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29980-eur-usd-plummets-to-1-0670-as-fed-s-hawkish-policy-keeps-us-dollar-firm
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and weaker euro make US commodities more expensive for euro buyers, tending to pressure US export demand for feed grains and meal at the margin.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-06-19 | [Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside](https://feedsoft.ai/events/11518-euro-steadies-as-the-us-dollar-eases-but-hawkish-fed-bets-limit-upside.md) | -0.6% | -0.5% |
| EURUSD | 2021-06-17 | [Pound-to-Euro Rate Lifts to 1.17 after EUR/USD Sinks on Fed's 'Hawkish' Message](https://feedsoft.ai/events/6134-pound-to-euro-rate-lifts-to-1-17-after-eur-usd-sinks-on-fed-s-hawkish-message.md) | -1.4% | -2.6% |
| EURUSD | 2022-06-29 | [Euro dives, dollar rises after Fed's Powell reaffirms hawkish stance](https://feedsoft.ai/events/41144-euro-dives-dollar-rises-after-fed-s-powell-reaffirms-hawkish-stance.md) | -3.4% | -4.0% |
| EURUSD | 2026-06-18 | [US dollar rally builds as hawkish Fed meeting stokes rate-hike bets \| The Straits Times](https://feedsoft.ai/events/11517-us-dollar-rally-builds-as-hawkish-fed-meeting-stokes-rate-hike-bets-the-straits.md) | -1.8% | -1.3% |
| EURUSD | 2024-10-15 | [US dollar continues uptrend as Fed policy provides lift](https://feedsoft.ai/events/28054-us-dollar-continues-uptrend-as-fed-policy-provides-lift.md) | -1.1% | -3.1% |
| DXY | 2017-05-04 | [Gold plummets below $1,230 on hawkish US Fed stance as dollar strengthens \| IBTimes UK](https://feedsoft.ai/events/70923-gold-plummets-below-1-230-on-hawkish-us-fed-stance-as-dollar-strengthens.md) | +0.4% | -1.2% |
| DXY | 2026-06-19 | [Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside](https://feedsoft.ai/events/11518-euro-steadies-as-the-us-dollar-eases-but-hawkish-fed-bets-limit-upside.md) | +0.4% | +0.1% |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-weakens-as-french-election-uncertainty-feds-hawkish-narrative-weigh-202406140927

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