# Euro vs Dollar - Norwegian Krone Decline | Global Banking & Finance Review

> The euro slipped back below parity with the dollar on Wednesday and was on track for a third consecutive monthly drop. Russia halted gas supplies through the Nord Stream 1 pipeline for planned maintenance, raising recession and energy rationing fears.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40247-euro-vs-dollar-norwegian-krone-decline-global-banking-and-finance-review
- 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

Europe's energy crunch raises fertiliser and feed production costs and weakens the euro, which can make EU-sourced feed less competitive and reduce US export demand for dollar-priced commodities.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-01-29 | [Dollar Steady Ahead of Fed Meeting - Euro Weakens \| Global Banking & Finance Review](https://feedsoft.ai/events/32346-dollar-steady-ahead-of-fed-meeting-euro-weakens-global-banking-and-finance.md) | -0.7% | -0.1% |
| EURUSD | 2025-01-24 | [Bond Market Selloff and Trump Concerns \| Global Banking & Finance Review](https://feedsoft.ai/events/12679-bond-market-selloff-and-trump-concerns-global-banking-and-finance-review.md) | 0.0% | +0.3% |
| EURUSD | 2021-06-18 | [Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| EURUSD | 2021-06-29 | [Dollar rises broadly in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/46810-dollar-rises-broadly-in-europe-business-and-finance-business-recorder.md) | -1.0% | -0.9% |
| EURUSD | 2023-03-15 | [Pound falls vs dollar, rises vs euro on bank woes](https://feedsoft.ai/events/10080-pound-falls-vs-dollar-rises-vs-euro-on-bank-woes.md) | +0.4% | +1.7% |
| DXY | 2024-01-29 | [Dollar Steady Ahead of Fed Meeting - Euro Weakens \| Global Banking & Finance Review](https://feedsoft.ai/events/32346-dollar-steady-ahead-of-fed-meeting-euro-weakens-global-banking-and-finance.md) | +0.2% | +0.4% |
| DXY | 2025-01-24 | [Bond Market Selloff and Trump Concerns \| Global Banking & Finance Review](https://feedsoft.ai/events/12679-bond-market-selloff-and-trump-concerns-global-banking-and-finance-review.md) | -0.1% | -0.8% |
| DXY | 2021-06-18 | [Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder.md) | -0.2% | +0.4% |

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/euro-slips-back-below-parity-norwegian-krone-falls-on-planned-cbank-fx-purchases/

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