# Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder

> The euro fell to $1.044 and hit a 7.5-year low against the Swiss franc as safe-haven demand lifted the dollar. Central bankers at Sintra warned they would prioritize fighting inflation even at economic cost. The euro was heading for a 2.7% monthly decline.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar strength driven by hawkish central bank rhetoric and recession fears can weigh on dollar-denominated commodity prices and raise import costs for Europe.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-11 | [Rate hike bets support the dollar amid surging US inflation - Markets - Business Recorder](https://feedsoft.ai/events/42876-rate-hike-bets-support-the-dollar-amid-surging-us-inflation-markets-business.md) | -1.1% | -4.8% |
| EURUSD | 2021-01-29 | [Safe-haven dollar looks to end week strong as market jitters persist - Markets - Business Recorder](https://feedsoft.ai/events/49396-safe-haven-dollar-looks-to-end-week-strong-as-market-jitters-persist-markets.md) | -1.2% | -0.2% |
| EURUSD | 2021-03-26 | [Dollar buoyant as economic outlook brightens, doubts surround euro - Markets - Business Recorder](https://feedsoft.ai/events/48341-dollar-buoyant-as-economic-outlook-brightens-doubts-surround-euro-markets.md) | -0.0% | +2.0% |
| EURUSD | 2022-07-28 | [Dollar rebounds as traders wrestle with US rate view - Markets - Business Recorder](https://feedsoft.ai/events/40680-dollar-rebounds-as-traders-wrestle-with-us-rate-view-markets-business-recorder.md) | +0.4% | -1.4% |
| EURUSD | 2023-08-31 | [Dollar gains on solid data, euro drops on cautious ECB comments - Markets - Business Recorder](https://feedsoft.ai/events/34781-dollar-gains-on-solid-data-euro-drops-on-cautious-ecb-comments-markets-business.md) | -2.0% | -3.2% |
| DXY | 2021-06-24 | [Dollar rally sputters as Fed sends mixed signals on inflation - Markets - Business Recorder](https://feedsoft.ai/events/46844-dollar-rally-sputters-as-fed-sends-mixed-signals-on-inflation-markets-business.md) | +0.2% | +1.0% |
| DXY | 2021-07-13 | [Pound extends fall after US inflation data lifts dollar - Markets - Business Recorder](https://feedsoft.ai/events/46308-pound-extends-fall-after-us-inflation-data-lifts-dollar-markets-business.md) | +0.7% | +0.6% |
| DXY | 2021-06-29 | [Baht, rupiah under pressure as virus woes support dollar - Markets - Business Recorder](https://feedsoft.ai/events/46855-baht-rupiah-under-pressure-as-virus-woes-support-dollar-markets-business.md) | +0.8% | +1.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40183488

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