# Euro sinks, yuan rallies in Europe - Markets - Business Recorder

> The euro fell on Friday to a one-week low near $1.1784 after weaker-than-expected flash eurozone PMI data showed slowing activity. The dollar was on track to end a ninth straight weekly decline.

- Date: 2020-08-21 · published 2020-08-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51830-euro-sinks-yuan-rallies-in-europe-markets-business-recorder
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer euro on weak eurozone activity modestly supports the dollar, a minor headwind for dollar-priced grain and meal export values.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-06-29 | [Dollar rises broadly in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/46810-dollar-rises-broadly-in-europe-business-and-finance-business-recorder.md) | -1.0% | -0.9% |
| EURUSD | 2021-10-28 | [Euro drops ahead of ECB meeting, yen looks past BOJ doves - Markets - Business Recorder](https://feedsoft.ai/events/7161-euro-drops-ahead-of-ecb-meeting-yen-looks-past-boj-doves-markets-business.md) | -0.1% | -2.6% |
| EURUSD | 2021-06-18 | [Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| 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% |
| EURUSD | 2021-03-06 | [Dollar gains across the board in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/11417-dollar-gains-across-the-board-in-europe-business-and-finance-business-recorder.md) | +0.3% | -1.3% |
| DXY | 2021-06-29 | [Dollar rises broadly in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/46810-dollar-rises-broadly-in-europe-business-and-finance-business-recorder.md) | +0.8% | +1.1% |
| DXY | 2021-01-11 | [China's yuan eases to 1-week low to reflect dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/49365-china-s-yuan-eases-to-1-week-low-to-reflect-dollar-rebound-markets-business.md) | +0.2% | +0.4% |
| DXY | 2021-06-18 | [Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder.md) | -0.2% | +0.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40013795

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