# Dollar beats euro for first week since mid-June after bullish data

> The dollar gained against the euro on Friday, its first weekly gain since mid-June, after strong US business activity data. The euro fell to a one-week low near $1.175 as European PMI surveys pointed to a slowing recovery.

- Date: 2020-08-21 · published 2020-08-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/51826-dollar-beats-euro-for-first-week-since-mid-june-after-bullish-data
- 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 on relative US growth strength is mildly bearish for dollar-priced grains and meal, as it makes US exports pricier for buyers using euros.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 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) | -0.0% | +0.5% |
| DXY | 2026-05-20 | [Euro hits fresh six-week lows after Eurozone's final inflation data](https://feedsoft.ai/events/19474-euro-hits-fresh-six-week-lows-after-eurozone-s-final-inflation-data.md) | -0.2% | -0.1% |
| DXY | 2022-06-23 | [Euro sinks after bleak manufacturing, services data; U.S. dollar rises](https://feedsoft.ai/events/41159-euro-sinks-after-bleak-manufacturing-services-data-u-s-dollar-rises.md) | +0.4% | +2.0% |
| DXY | 2026-08-28 | [Dollar jumps after Warsh comments, set for weekly gain \| Reuters](https://feedsoft.ai/events/18077-dollar-jumps-after-warsh-comments-set-for-weekly-gain-reuters.md) | -0.2% | +1.7% |
| DXY | 2020-03-20 | [Dollar strengthens, set for best week since the financial crisis](https://feedsoft.ai/events/6277-dollar-strengthens-set-for-best-week-since-the-financial-crisis.md) | -2.1% | -1.3% |
| 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% |
| EURUSD | 2026-05-20 | [Euro hits fresh six-week lows after Eurozone's final inflation data](https://feedsoft.ai/events/19474-euro-hits-fresh-six-week-lows-after-eurozone-s-final-inflation-data.md) | +0.2% | -0.1% |
| EURUSD | 2022-06-23 | [Euro sinks after bleak manufacturing, services data; U.S. dollar rises](https://feedsoft.ai/events/41159-euro-sinks-after-bleak-manufacturing-services-data-u-s-dollar-rises.md) | -1.0% | -3.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/08/21/forex-markets-dollar-moves-us-economy-in-focus.html

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