# US dollar gains after GDP data; euro falls to six-week low after dovish ECB, Lagarde | Reuters

> The US dollar rose after data showed the economy grew faster than expected. The dollar index was last up 0.2% at 103.53. The euro fell to a six-week low after dovish comments from ECB President Lagarde.

- Date: 2024-01-25 · published 2024-01-25T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32033-us-dollar-gains-after-gdp-data-euro-falls-to-six-week-low-after-dovish-ecb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar and weaker euro make US exports more expensive abroad and can pressure dollar-priced grain and oilseed prices. The move is a routine currency reaction.

## 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 | 2017-04-28 | [Euro falls against U.S. dollar on dovish ECB tone - Trending News](https://feedsoft.ai/events/71695-euro-falls-against-u-s-dollar-on-dovish-ecb-tone-trending-news.md) | -0.1% | -1.4% |
| DXY | 2025-05-22 | [US dollar gains, sentiment still frayed; euro falters \| Reuters](https://feedsoft.ai/events/24909-us-dollar-gains-sentiment-still-frayed-euro-falters-reuters.md) | -0.2% | -0.6% |
| DXY | 2024-07-18 | [Euro falls after ECB holds rates, dollar climbs after data](https://feedsoft.ai/events/29485-euro-falls-after-ecb-holds-rates-dollar-climbs-after-data.md) | +0.8% | -0.1% |
| DXY | 2024-06-26 | [Gold falls to two-week low as higher dollar, yields dent appeal \| Reuters](https://feedsoft.ai/events/29635-gold-falls-to-two-week-low-as-higher-dollar-yields-dent-appeal-reuters.md) | +0.3% | -0.3% |
| 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 | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | +0.3% | +1.6% |
| EURUSD | 2017-04-28 | [Euro falls against U.S. dollar on dovish ECB tone - Trending News](https://feedsoft.ai/events/71695-euro-falls-against-u-s-dollar-on-dovish-ecb-tone-trending-news.md) | +0.9% | +3.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-steady-near-6-weeek-highs-ahead-us-gdp-eyes-ecb-meeting-2024-01-25/

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