# Euro plummets to a 20-year low amid war in Ukraine

> The euro fell to a two-decade low of $0.9810 after Putin ordered partial mobilization in Ukraine and the Federal Reserve signalled further hikes. Sterling and several Asian currencies also hit multi-year lows as inflation approached 10% across developed economies.

- Date: 2022-09-22 · published 2022-09-22T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/39804-euro-plummets-to-a-20-year-low-amid-war-in-ukraine
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency weakness across Europe and Asia raises import costs for feed and grain buyers and can shift trade flows. Ongoing war-related energy and food price pressures keep the risk of sharp currency moves elevated.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-03-04 | [Ukraine war sends euro below $1.10 for first time in two years](https://feedsoft.ai/events/8256-ukraine-war-sends-euro-below-1-10-for-first-time-in-two-years.md) | -0.4% | +0.4% |
| EURUSD | 2022-09-05 | [Euro plunges to new 20-year low after Russian gas halt](https://feedsoft.ai/events/39802-euro-plunges-to-new-20-year-low-after-russian-gas-halt.md) | +1.0% | -2.2% |
| EURUSD | 2022-03-01 | [Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up](https://feedsoft.ai/events/8259-euro-falls-to-lowest-since-june-2020-as-russia-s-invasion-of-ukraine-picks-up.md) | -3.2% | -2.2% |
| EURUSD | 2022-03-07 | [Euro slides as war in Ukraine stokes fears of inflationary shock](https://feedsoft.ai/events/8258-euro-slides-as-war-in-ukraine-stokes-fears-of-inflationary-shock.md) | +0.2% | +1.2% |
| EURUSD | 2022-02-25 | [From euro to EM: Russia's Ukraine war upends market bets \| Reuters](https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters.md) | -0.9% | -1.3% |
| DXY | 2022-03-04 | [Ukraine war sends euro below $1.10 for first time in two years](https://feedsoft.ai/events/8256-ukraine-war-sends-euro-below-1-10-for-first-time-in-two-years.md) | +0.7% | -0.6% |
| DXY | 2022-03-01 | [Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up](https://feedsoft.ai/events/8259-euro-falls-to-lowest-since-june-2020-as-russia-s-invasion-of-ukraine-picks-up.md) | +1.8% | +0.8% |
| DXY | 2022-03-07 | [Euro slides as war in Ukraine stokes fears of inflationary shock](https://feedsoft.ai/events/8258-euro-slides-as-war-in-ukraine-stokes-fears-of-inflationary-shock.md) | +0.3% | -1.0% |

## Sources

- dw.com: https://www.dw.com/en/euro-plummets-to-a-20-year-low-amid-war-in-ukraine/a-63199120

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