# Dollar outshines euro, sterling amid European bank jitters

> The euro and sterling fell sharply against a strengthening dollar on March 24 amid worries about European bank problems. The dollar index rose about 0.5% to 103.14.

- Date: 2023-04-01 · published 2023-04-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37078-dollar-outshines-euro-sterling-amid-european-bank-jitters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A firmer dollar on banking fears makes US commodity exports more expensive abroad, a mildly bearish factor for dollar-priced grain prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-22 | [Dollar shines, euro suffers as COVID fears flare over Europe](https://feedsoft.ai/events/11253-dollar-shines-euro-suffers-as-covid-fears-flare-over-europe.md) | +1.2% | +0.7% |
| DXY | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | -0.1% | -1.2% |
| DXY | 2018-11-29 | [Sterling slips amid Bank of England Brexit warning but European markets stay buoyant](https://feedsoft.ai/events/62300-sterling-slips-amid-bank-of-england-brexit-warning-but-european-markets-stay.md) | -0.4% | -1.0% |
| DXY | 2026-05-22 | [Dollar near six-week high amid Iran war jitters By Reuters](https://feedsoft.ai/events/19467-dollar-near-six-week-high-amid-iran-war-jitters-by-reuters.md) | -0.4% | +1.0% |
| DXY | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.1% | -1.5% |
| EURUSD | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | +0.4% | +1.7% |
| 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 | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.2% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-steady-after-feds-rate-pause-hints-yen-rises-2023-03-24/

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