# Euro near one-year peak as US economic risks weigh on dollar

> The euro hovered near a one-year high against the dollar as Europe's resilient economy contrasted with U.S. banking stress, the debt ceiling standoff and recession fears. The dollar index was little changed at 101.41, and the euro traded near $1.1041 with an overnight peak of $1.1096. The yen was steady ahead of the Bank of Japan's first policy meeting under Governor Ueda.

- Date: 2023-04-27 · published 2023-04-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36622-euro-near-one-year-peak-as-us-economic-risks-weigh-on-dollar
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness tends to support dollar-denominated grain and meal prices and can make U.S. feed exports more competitive abroad.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | +2.0% | +2.9% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |
| EURUSD | 2022-08-30 | [ECB bets boost euro, US dollar slips from 20 year peak - The Business Times](https://feedsoft.ai/events/40248-ecb-bets-boost-euro-us-dollar-slips-from-20-year-peak-the-business-times.md) | -0.9% | -3.8% |
| EURUSD | 2025-06-27 | [Dollar hovers near 3-1/2-year low with market focus on US rate cuts, euro area inflation](https://feedsoft.ai/events/24439-dollar-hovers-near-3-1-2-year-low-with-market-focus-on-us-rate-cuts-euro-area.md) | +0.3% | +0.1% |
| EURUSD | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.5% | +0.7% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2024-08-27 | [Pound hits two-year high on dollar, gains on euro \| Reuters](https://feedsoft.ai/events/29066-pound-hits-two-year-high-on-dollar-gains-on-euro-reuters.md) | +0.9% | -0.5% |
| DXY | 2025-02-24 | [South Korean Won Rises on Weak US Dollar](https://feedsoft.ai/events/26307-south-korean-won-rises-on-weak-us-dollar.md) | +0.9% | -0.7% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/euro-near-one-peak-us-015140831.html

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