# Euro falls to four-week low as ECB flags easing in December | Financial Post

> The euro fell to a four-week low against the dollar after ECB President Christine Lagarde said the bank would recalibrate its instruments at its December meeting. U.S. third-quarter GDP showed record growth, which also supported the dollar. The dollar index rose to a four-week high near 93.8.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/50839-euro-falls-to-four-week-low-as-ecb-flags-easing-in-december-financial-post
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar tends to weigh on dollar-denominated grain and oilseed prices and makes U.S. feed ingredients relatively more expensive for importers. The effect on feed prices is indirect and modest.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-06-13 | [Euro sharpens decline to four-week low](https://feedsoft.ai/events/9635-euro-sharpens-decline-to-four-week-low.md) | -0.5% | -4.3% |
| EURUSD | 2022-06-29 | [Euro turns negative after Lagarde warns low inflation unlikely to return \| Financial Post](https://feedsoft.ai/events/41160-euro-turns-negative-after-lagarde-warns-low-inflation-unlikely-to-return.md) | -3.4% | -4.0% |
| EURUSD | 2021-10-29 | [Euro's losses deepen as markets take dim view of ECB stance \| Financial Post](https://feedsoft.ai/events/7160-euro-s-losses-deepen-as-markets-take-dim-view-of-ecb-stance-financial-post.md) | -1.2% | -3.6% |
| EURUSD | 2024-04-12 | [Euro (EUR USD) Falls to Five-Month Low as ECB-Fed Divergence Looms Large - Bloomberg](https://feedsoft.ai/events/9969-euro-eur-usd-falls-to-five-month-low-as-ecb-fed-divergence-looms-large-bloomberg.md) | -0.6% | +0.5% |
| EURUSD | 2024-01-25 | [US dollar gains after GDP data; euro falls to six-week low after dovish ECB, Lagarde \| Reuters](https://feedsoft.ai/events/32033-us-dollar-gains-after-gdp-data-euro-falls-to-six-week-low-after-dovish-ecb.md) | -0.4% | -0.8% |
| DXY | 2022-06-13 | [Euro sharpens decline to four-week low](https://feedsoft.ai/events/9635-euro-sharpens-decline-to-four-week-low.md) | +1.0% | +2.9% |
| DXY | 2022-06-29 | [Euro turns negative after Lagarde warns low inflation unlikely to return \| Financial Post](https://feedsoft.ai/events/41160-euro-turns-negative-after-lagarde-warns-low-inflation-unlikely-to-return.md) | +2.0% | +1.8% |
| DXY | 2021-06-21 | [Baht, peso plumb multi-month lows to lead Asian FX falls \| Financial Post](https://feedsoft.ai/events/46860-baht-peso-plumb-multi-month-lows-to-lead-asian-fx-falls-financial-post.md) | -1.0% | +0.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/euro-falls-to-four-week-low-as-ecb-flags-easing-in-december

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