# EUR/USD climbs to fresh daily top around, mid-1.0800s amid modest USD selling

> EUR/USD rose to a fresh daily high near 1.0850 on Monday as ECB officials pushed back against early rate cuts and some USD selling emerged. Traders remained cautious ahead of eurozone flash CPI and US core PCE data.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31881-eur-usd-climbs-to-fresh-daily-top-around-mid-1-0800s-amid-modest-usd-selling
- 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 of this size have a limited direct effect on feed grain prices, but a firmer euro against the dollar slightly lowers the dollar cost of European-sourced feed ingredients.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-12-14 | [Daily summary: Hawkish ECB and dovish Fed push EURUSD to 1.10 \| XTB](https://feedsoft.ai/events/8301-daily-summary-hawkish-ecb-and-dovish-fed-push-eurusd-to-1-10-xtb.md) | +1.5% | +1.5% |
| EURUSD | 2025-08-28 | [EUR/USD ticks up to near 1.1650, French risks might cap upside](https://feedsoft.ai/events/23536-eur-usd-ticks-up-to-near-1-1650-french-risks-might-cap-upside.md) | +0.3% | +0.5% |
| EURUSD | 2021-07-30 | [EUR/USD Forecast: Euro US Dollar Exchange Rate Climbs To Three-Week High On Disappointing US GDP](https://feedsoft.ai/events/46297-eur-usd-forecast-euro-us-dollar-exchange-rate-climbs-to-three-week-high-on.md) | -0.4% | -1.1% |
| EURUSD | 2022-02-04 | [Euro climbs after ECB's 'ground-breaking' hawkish turn - Markets - Business Recorder](https://feedsoft.ai/events/9874-euro-climbs-after-ecb-s-ground-breaking-hawkish-turn-markets-business-recorder.md) | +0.5% | -4.5% |
| EURUSD | 2021-10-28 | [Euro Rises Against USD Amid Interest Rate Market Moves](https://feedsoft.ai/events/44755-euro-rises-against-usd-amid-interest-rate-market-moves.md) | -0.1% | -2.6% |
| DXY | 2023-12-14 | [Daily summary: Hawkish ECB and dovish Fed push EURUSD to 1.10 \| XTB](https://feedsoft.ai/events/8301-daily-summary-hawkish-ecb-and-dovish-fed-push-eurusd-to-1-10-xtb.md) | -1.3% | -1.3% |
| DXY | 2023-06-30 | [AUD/USD rises amid easing US inflation, stays firm around 0.6650s — Octa](https://feedsoft.ai/events/35758-aud-usd-rises-amid-easing-us-inflation-stays-firm-around-0-6650s-octa.md) | -0.4% | -1.5% |
| DXY | 2025-08-28 | [EUR/USD ticks up to near 1.1650, French risks might cap upside](https://feedsoft.ai/events/23536-eur-usd-ticks-up-to-near-1-1650-french-risks-might-cap-upside.md) | +0.0% | -0.2% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-oscillates-around-200-day-sma-amid-mixed-fundamental-cues-202402260830

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