# Euro Falls on Ukraine Concerns, Norwegian Crown Drops on Central Bank Action

> The euro edged lower to $1.1118 on caution over Ukraine and limited progress in peace talks, after hitting $1.1184, its highest since March 1. The Norwegian crown fell sharply after its central bank bought foreign currency. The rouble was down 3% against the dollar at 78.55, and the dollar index rose 0.2% to 98.074.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/42469-euro-falls-on-ukraine-concerns-norwegian-crown-drops-on-central-bank-action
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar index makes dollar-priced feed commodities relatively more expensive for European buyers, while Russian rouble moves reflect sanctions and trade flows. Currency noise of this size has little direct effect on feed prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-03-01 | [Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up](https://feedsoft.ai/events/8259-euro-falls-to-lowest-since-june-2020-as-russia-s-invasion-of-ukraine-picks-up.md) | +1.8% | +0.8% |
| DXY | 2022-02-28 | [Sterling falls vs dollar, rises against euro after Western sanctions on Russia \| Financial Post](https://feedsoft.ai/events/42940-sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia.md) | +1.2% | +0.5% |
| DXY | 2022-01-25 | [Euro falls to one-month low as Ukraine tensions simmer - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.](https://feedsoft.ai/events/43347-euro-falls-to-one-month-low-as-ukraine-tensions-simmer-sabc-news-breaking-news.md) | +0.3% | -0.4% |
| DXY | 2022-01-24 | [Ukraine tensions lift dollar, send euro lower](https://feedsoft.ai/events/6267-ukraine-tensions-lift-dollar-send-euro-lower.md) | +1.2% | +0.2% |
| DXY | 2022-03-07 | [Euro slides as war in Ukraine stokes fears of inflationary shock](https://feedsoft.ai/events/8258-euro-slides-as-war-in-ukraine-stokes-fears-of-inflationary-shock.md) | +0.3% | -1.0% |
| EURUSD | 2022-03-01 | [Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up](https://feedsoft.ai/events/8259-euro-falls-to-lowest-since-june-2020-as-russia-s-invasion-of-ukraine-picks-up.md) | -3.2% | -2.2% |
| EURUSD | 2022-01-25 | [Euro falls to one-month low as Ukraine tensions simmer - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.](https://feedsoft.ai/events/43347-euro-falls-to-one-month-low-as-ukraine-tensions-simmer-sabc-news-breaking-news.md) | -0.9% | +0.3% |
| EURUSD | 2024-06-14 | [Election concerns in France give euro worst week in two months \| Reuters](https://feedsoft.ai/events/10799-election-concerns-in-france-give-euro-worst-week-in-two-months-reuters.md) | -0.6% | +1.5% |

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/euro-dips-amid-caution-over-ukraine-norwegian-crown-plunges/

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