# Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex

> The euro weakened after the ECB said it was ready to recalibrate its instruments in December, while the dollar and yen rose. WTI crude fell toward the $35 area as oil sold off. U.S. third-quarter GDP grew 33.1% annualized, beating expectations.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower crude prices reduce biofuel and energy-linked support for vegetable oils and corn, and a firmer dollar weighs on dollar-priced commodities. Both effects are modest for feed buyers.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-10-01 | [Dollar rises, euro slips after ECB rate increase](https://feedsoft.ai/events/17692-dollar-rises-euro-slips-after-ecb-rate-increase.md) | -1.4% | -1.6% |
| EURUSD | 2024-06-12 | [Euro's reserve currency role tumbles at expense of dollar, yen, ECB says](https://feedsoft.ai/events/29981-euro-s-reserve-currency-role-tumbles-at-expense-of-dollar-yen-ecb-says.md) | +0.1% | +1.3% |
| EURUSD | 2026-10-26 | [Euro falls against dollar; Brazilian real tumbles after Lula election win](https://feedsoft.ai/events/17282-euro-falls-against-dollar-brazilian-real-tumbles-after-lula-election-win.md) | -0.3% | — |
| EURUSD | 2026-09-10 | [Euro slips as dollar rises after ECB rate hike \| MarketScreener](https://feedsoft.ai/events/17698-euro-slips-as-dollar-rises-after-ecb-rate-hike-marketscreener.md) | -0.8% | -3.8% |
| EURUSD | 2023-05-04 | [Dollar gains, euro dips after cautious ECB](https://feedsoft.ai/events/36157-dollar-gains-euro-dips-after-cautious-ecb.md) | -0.8% | -2.7% |
| WTI | 2017-08-31 | [USD/CAD Canadian Dollar Lower After US GDP Improvement And Tax Reform Talk - ActionForex](https://feedsoft.ai/events/69712-usd-cad-canadian-dollar-lower-after-us-gdp-improvement-and-tax-reform-talk.md) | +6.8% | +12.3% |
| WTI | 2024-08-05 | [Dollar down as US rate cut bets rise, yen surges](https://feedsoft.ai/events/7431-dollar-down-as-us-rate-cut-bets-rise-yen-surges.md) | +4.4% | -0.4% |
| WTI | 2017-08-31 | [Dollar Maintaining Data Inspired Gains, Yen Broadly Lower as Risk Aversion Eased - ActionForex](https://feedsoft.ai/events/69643-dollar-maintaining-data-inspired-gains-yen-broadly-lower-as-risk-aversion-eased.md) | +6.8% | +12.3% |

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/market-overview/337081-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise/

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