# Euro bounces from brink of parity with US dollar

> The euro traded at $1.00005, its lowest level since December 2002, after German investor sentiment for July fell sharply. Energy concerns, supply bottlenecks and rate hikes were cited as the main pressures on the currency.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/40714-euro-bounces-from-brink-of-parity-with-us-dollar
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The weak euro and firm dollar raise the cost of dollar-priced grain and oilseed imports for European feed buyers. Weak sentiment also points to softer European demand for feed and livestock products.

## 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 | 2022-07-19 | [Euro-dollar parity: beyond symbolism](https://feedsoft.ai/events/40715-euro-dollar-parity-beyond-symbolism.md) | +0.5% | +0.3% |
| EURUSD | 2022-06-14 | [EUR/USD Euro Set to Hit Parity With Dollar in a Month, Wells Fargo Says - Bloomberg](https://feedsoft.ai/events/9636-eur-usd-euro-set-to-hit-parity-with-dollar-in-a-month-wells-fargo-says-bloomberg.md) | +1.1% | -3.4% |
| EURUSD | 2022-08-22 | [Dollar rises on risk aversion; euro revisits parity](https://feedsoft.ai/events/40217-dollar-rises-on-risk-aversion-euro-revisits-parity.md) | -0.4% | -0.4% |
| EURUSD | 2024-11-12 | [(EUR/USD) Euro Parity With Dollar Is the Big New Call by Currency Analysts - Bloomberg](https://feedsoft.ai/events/7557-eur-usd-euro-parity-with-dollar-is-the-big-new-call-by-currency-analysts.md) | -1.2% | -1.8% |
| 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 | 2022-07-19 | [Euro-dollar parity: beyond symbolism](https://feedsoft.ai/events/40715-euro-dollar-parity-beyond-symbolism.md) | -0.3% | -1.1% |
| DXY | 2016-11-16 | [Dollar bulls have room to run on Trump win, euro could reach parity with dollar](https://feedsoft.ai/events/9133-dollar-bulls-have-room-to-run-on-trump-win-euro-could-reach-parity-with-dollar.md) | +0.6% | -0.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/euro-teeters-brink-parity-amid-recession-risks-2022-07-12/

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