# Euro highest since 2018, dollar hurt by coronavirus spread

> The dollar fell to an almost two-year low against the euro on July 27 as US coronavirus cases rose, and ahead of a Federal Reserve meeting expected to reaffirm near-zero rates. The euro traded at about $1.1726 after reaching $1.1781. Florida had become the state with the second-highest number of cases.

- Date: 2020-07-27 · published 2020-07-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52331-euro-highest-since-2018-dollar-hurt-by-coronavirus-spread
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar supports dollar-priced commodities such as grains and oilseeds, while expectations of prolonged low US rates keep the currency under pressure.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | +0.4% | +1.3% |
| DXY | 2025-06-26 | [Dollar drops to lowest since 2021 against euro, sterling](https://feedsoft.ai/events/24414-dollar-drops-to-lowest-since-2021-against-euro-sterling.md) | -0.9% | -0.6% |
| DXY | 2023-12-22 | [Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg](https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets.md) | -0.8% | +1.5% |
| DXY | 2026-07-30 | [CNY USD: Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed - Bloomberg](https://feedsoft.ai/events/18568-cny-usd-yuan-rises-to-highest-since-early-2023-as-dollar-drops-after-fed.md) | -1.2% | -1.9% |
| DXY | 2020-03-16 | [Dollar dumped after Fed cut, ball in BOJ's court for next coronavirus move](https://feedsoft.ai/events/54044-dollar-dumped-after-fed-cut-ball-in-boj-s-court-for-next-coronavirus-move.md) | +3.7% | +1.4% |
| EURUSD | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | -0.5% | -2.0% |
| EURUSD | 2023-12-22 | [Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg](https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets.md) | +0.7% | -1.5% |
| EURUSD | 2023-01-30 | [Dollar seesaws ahead of busy central bank week, euro higher after Spain CPI](https://feedsoft.ai/events/38002-dollar-seesaws-ahead-of-busy-central-bank-week-euro-higher-after-spain-cpi.md) | -0.3% | -2.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/07/27/forex-markets-us-china-tensions-coronavirus-in-focus.html

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