# What's behind the euro's comeback against the US dollar

> The euro has recovered to about $1.07, up roughly 13% from a September low near $0.95. The rebound reflects falling energy prices, eased recession fears, continued ECB hikes and a weaker dollar as the Fed slows tightening.

- Date: 2023-02-09 · published 2023-02-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A firmer euro and softer dollar tend to support dollar-priced grains and oilseeds, while lower energy costs ease input and freight pressures for feed producers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-11-10 | [Why the euro is emerging as a brave bet against the dollar \| The National](https://feedsoft.ai/events/56286-why-the-euro-is-emerging-as-a-brave-bet-against-the-dollar-the-national.md) | +0.5% | +0.6% |
| EURUSD | 2018-01-24 | [Draghi concerned at euro's rise against dollar \| AGENCE EUROPE](https://feedsoft.ai/events/67188-draghi-concerned-at-euro-s-rise-against-dollar-agence-europe.md) | +0.9% | +0.3% |
| EURUSD | 2026-08-26 | [Euro: ECB tightening outlook offers support against US Dollar - BNY](https://feedsoft.ai/events/18099-euro-ecb-tightening-outlook-offers-support-against-us-dollar-bny.md) | -0.7% | -2.4% |
| EURUSD | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | -0.9% | +1.0% |
| EURUSD | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | -0.5% | -2.0% |
| DXY | 2017-09-29 | [Can the US dollar make a comeback? \| South China Morning Post](https://feedsoft.ai/events/69153-can-the-us-dollar-make-a-comeback-south-china-morning-post.md) | +0.3% | +1.7% |
| DXY | 2019-11-10 | [Why the euro is emerging as a brave bet against the dollar \| The National](https://feedsoft.ai/events/56286-why-the-euro-is-emerging-as-a-brave-bet-against-the-dollar-the-national.md) | +0.0% | -0.1% |
| DXY | 2018-01-24 | [Draghi concerned at euro's rise against dollar \| AGENCE EUROPE](https://feedsoft.ai/events/67188-draghi-concerned-at-euro-s-rise-against-dollar-agence-europe.md) | -0.8% | -0.1% |

## Sources

- dw.com: https://www.dw.com/en/whats-behind-the-euros-comeback-against-the-us-dollar/a-64648243

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