# Euro's rise not 'brutal' enough, yet: Mike Dolan | Financial Post

> The euro has risen about 10% against the dollar over the past 100 trading days, reaching its highest level in six years. European policymakers have rarely commented on the move, though the ECB has historically responded to rapid euro gains with verbal intervention. The rise is attributed to dollar weakness, EU fiscal support plans and easing euro break-up risk.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/52330-euro-s-rise-not-brutal-enough-yet-mike-dolan-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 stronger euro weighs on euro-area exporters and adds disinflationary pressure, while a weaker dollar generally supports dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-03-05 | [Dollar surrenders to euro and yen as rate supremacy ends \| Financial Post](https://feedsoft.ai/events/7150-dollar-surrenders-to-euro-and-yen-as-rate-supremacy-ends-financial-post.md) | +1.3% | -1.8% |
| EURUSD | 2020-09-10 | [Euro advances after ECB's Lagarde says exchange rate not being targeted \| Financial Post](https://feedsoft.ai/events/51330-euro-advances-after-ecb-s-lagarde-says-exchange-rate-not-being-targeted.md) | +0.2% | -0.4% |
| EURUSD | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | -0.1% | -2.6% |
| EURUSD | 2019-12-12 | [Euro buoyed before ECB meeting as Fed forecast knocks dollar \| Financial Post](https://feedsoft.ai/events/55785-euro-buoyed-before-ecb-meeting-as-fed-forecast-knocks-dollar-financial-post.md) | +0.2% | +0.2% |
| EURUSD | 2022-05-17 | [Dollar rally stalls, rivals pursue tentative recovery \| Financial Post](https://feedsoft.ai/events/12694-dollar-rally-stalls-rivals-pursue-tentative-recovery-financial-post.md) | +2.4% | -0.0% |
| DXY | 2020-03-05 | [Dollar surrenders to euro and yen as rate supremacy ends \| Financial Post](https://feedsoft.ai/events/7150-dollar-surrenders-to-euro-and-yen-as-rate-supremacy-ends-financial-post.md) | +1.3% | +6.0% |
| DXY | 2022-11-08 | [Dollar slips as German bund yields strengthen euro \| Financial Post](https://feedsoft.ai/events/8201-dollar-slips-as-german-bund-yields-strengthen-euro-financial-post.md) | -2.6% | -2.8% |
| DXY | 2020-02-25 | [U.S. dollar falls as expectations of a Fed rate cut rise \| Financial Post](https://feedsoft.ai/events/54775-u-s-dollar-falls-as-expectations-of-a-fed-rate-cut-rise-financial-post.md) | -0.5% | +7.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/euros-rise-not-brutal-enough-yet-mike-dolan

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