# Euro falls below parity with the dollar. What's the impact? | AP News

> The euro fell below dollar parity as the Federal Reserve kept raising interest rates, pulling investment toward dollar-denominated assets. The article is an explainer on the likely effects of the currency move.

- Date: 2022-08-23 · published 2022-08-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40249-euro-falls-below-parity-with-the-dollar-what-s-the-impact-ap-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Rising US rates and a strong dollar tend to weigh on dollar-priced agricultural commodities and raise borrowing costs for feed and livestock operations.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-13 | [Explainer: Why the euro's fall below parity versus dollar matters](https://feedsoft.ai/events/40708-explainer-why-the-euro-s-fall-below-parity-versus-dollar-matters.md) | -0.8% | -1.3% |
| DXY | 2022-05-19 | [Euro dollar: What does it mean for investors as the pair nears parity?](https://feedsoft.ai/events/41611-euro-dollar-what-does-it-mean-for-investors-as-the-pair-nears-parity.md) | -0.9% | +0.5% |
| DXY | 2016-12-22 | [Euro-Dollar Parity: It’s All About the Greenback](https://feedsoft.ai/events/73662-euro-dollar-parity-it-s-all-about-the-greenback.md) | +0.1% | -1.3% |
| DXY | 2022-07-12 | [Euro bounces from brink of parity with US dollar](https://feedsoft.ai/events/40714-euro-bounces-from-brink-of-parity-with-us-dollar.md) | -0.4% | -1.2% |
| DXY | 2024-03-28 | [Currency Markets: A Decline in the Euro to Parity With the Dollar Beckons - Bloomberg](https://feedsoft.ai/events/31420-currency-markets-a-decline-in-the-euro-to-parity-with-the-dollar-beckons.md) | +0.0% | +1.6% |
| EURUSD | 2022-07-13 | [Explainer: Why the euro's fall below parity versus dollar matters](https://feedsoft.ai/events/40708-explainer-why-the-euro-s-fall-below-parity-versus-dollar-matters.md) | +1.7% | +1.6% |
| EURUSD | 2022-05-19 | [Euro dollar: What does it mean for investors as the pair nears parity?](https://feedsoft.ai/events/41611-euro-dollar-what-does-it-mean-for-investors-as-the-pair-nears-parity.md) | +1.6% | +0.4% |
| EURUSD | 2016-12-22 | [Euro-Dollar Parity: It’s All About the Greenback](https://feedsoft.ai/events/73662-euro-dollar-parity-it-s-all-about-the-greenback.md) | +0.6% | +3.1% |

## Sources

- apnews.com: https://apnews.com/article/dollar-euro-parity-explainer-9f7eb3fe4b87704d7f9e77a0f8c7f123

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