# Explainer: Why the euro's fall below parity versus dollar matters

> The euro fell below parity with the dollar on July 13, 2022, touching $0.9998 and down about 12% year to date. It was the first time in almost 20 years the currency had traded this low, driven by growing recession fears in the euro area.

- Date: 2022-07-13 · published 2022-07-13T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/40708-explainer-why-the-euro-s-fall-below-parity-versus-dollar-matters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A strong dollar makes dollar-priced commodities more expensive for euro-based buyers and tends to pressure grain and oilseed prices in dollar terms. A weaker euro also makes EU feed exports more competitive.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-08-23 | [Euro falls below parity with the dollar. What's the impact? \| AP News](https://feedsoft.ai/events/40249-euro-falls-below-parity-with-the-dollar-what-s-the-impact-ap-news.md) | +0.6% | +0.6% |
| 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% |
| EURUSD | 2022-07-19 | [Euro-dollar parity: beyond symbolism](https://feedsoft.ai/events/40715-euro-dollar-parity-beyond-symbolism.md) | +0.5% | +0.3% |
| 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 | 2026-05-17 | [Euro-Dollar Rally May Stall Below 1.20: Rabobank](https://feedsoft.ai/events/19478-euro-dollar-rally-may-stall-below-1-20-rabobank.md) | -0.2% | -0.2% |
| DXY | 2022-08-23 | [Euro falls below parity with the dollar. What's the impact? \| AP News](https://feedsoft.ai/events/40249-euro-falls-below-parity-with-the-dollar-what-s-the-impact-ap-news.md) | -0.1% | +1.2% |
| DXY | 2021-06-22 | [Explainer: Why the US Fed’s  policy  move matters to India?](https://feedsoft.ai/events/46887-explainer-why-the-us-fed-s-policy-move-matters-to-india.md) | -0.7% | +0.8% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/why-euros-fall-below-parity-versus-dollar-matters-2022-07-13/

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