# Euro drops to a one-month low; US dollar firms ahead of key inflation test  - The Business Times

> The euro hit a one-month low of $1.0725 on June 11 on political concerns, including a snap French election and gains by eurosceptics in EU elections. The dollar was supported by higher Treasury yields after strong US jobs data.

- Date: 2024-06-11 · published 2024-06-11T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29986-euro-drops-to-a-one-month-low-us-dollar-firms-ahead-of-key-inflation-test-the
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Political risk lifting the dollar against the euro makes US commodities pricier for euro buyers, a marginal headwind for US export demand.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-08-29 | [Euro US Dollar Exchange Rate Live: EUR/USD <1.17 Handle Ahead Of Eurozone Inflation](https://feedsoft.ai/events/63737-euro-us-dollar-exchange-rate-live-eur-usd-and-lt-1-17-handle-ahead-of-eurozone.md) | -0.9% | +0.3% |
| EURUSD | 2023-11-30 | [Euro-Dollar Falls on Big Inflation Drop](https://feedsoft.ai/events/33380-euro-dollar-falls-on-big-inflation-drop.md) | -1.6% | +0.9% |
| EURUSD | 2026-08-27 | [Euro retreats below 1.1650 as inflation data buoys US Dollar ahead of Jackson Hole](https://feedsoft.ai/events/18100-euro-retreats-below-1-1650-as-inflation-data-buoys-us-dollar-ahead-of-jackson.md) | -0.5% | -2.4% |
| EURUSD | 2019-03-04 | [US dollar extends rising streak even as euro slips - The Business Times](https://feedsoft.ai/events/60270-us-dollar-extends-rising-streak-even-as-euro-slips-the-business-times.md) | -1.2% | -1.3% |
| 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 | 2024-10-29 | [Australian dollar undermined by rising US yields ahead of inflation test - Markets - Business Recorder](https://feedsoft.ai/events/28120-australian-dollar-undermined-by-rising-us-yields-ahead-of-inflation-test.md) | -0.2% | +2.1% |
| DXY | 2016-11-10 | [US dollar extends surge as Trump's triumph boosts inflation outlook - The Business Times](https://feedsoft.ai/events/8179-us-dollar-extends-surge-as-trump-s-triumph-boosts-inflation-outlook-the.md) | +1.9% | +2.3% |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/euro-drops-one-month-low-us-dollar-firms-ahead-key-inflation-test

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