# Euro off two-year highs before Fed meeting | Financial Post

> The euro pulled back from a two-year high on July 28 as dollar selling eased ahead of a two-day Federal Reserve meeting. Republicans proposed a $1 trillion coronavirus relief plan that cut unemployment benefits to $200 a week, which drew opposition from Democrats and raised concerns about the US recovery.

- Date: 2020-07-28 · published 2020-07-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52333-euro-off-two-year-highs-before-fed-meeting-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Uncertainty over US fiscal support and the Fed's outlook shapes dollar direction, which feeds into dollar-priced commodity prices.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-28 | [Sterling bounces off two-year low on euro, soft on dollar](https://feedsoft.ai/events/24026-sterling-bounces-off-two-year-low-on-euro-soft-on-dollar.md) | +1.0% | +0.2% |
| DXY | 2019-09-20 | [Take Five: U.S. money market ruckus - one-off or warning? \| Financial Post](https://feedsoft.ai/events/57276-take-five-u-s-money-market-ruckus-one-off-or-warning-financial-post.md) | +0.5% | -0.8% |
| DXY | 2019-10-28 | [Dollar supported before Fed meeting, Brexit delay in focus - The HinduBusinessLine](https://feedsoft.ai/events/56780-dollar-supported-before-fed-meeting-brexit-delay-in-focus-the-hindubusinessline.md) | -0.3% | +0.8% |
| DXY | 2020-09-17 | [Dollar's post Fed gains fizzle as long rate pause seen \| Financial Post](https://feedsoft.ai/events/51284-dollar-s-post-fed-gains-fizzle-as-long-rate-pause-seen-financial-post.md) | +1.6% | +0.6% |
| DXY | 2018-09-26 | [A crucial Fed meeting for the dollar \| articles \| ING THINK](https://feedsoft.ai/events/63240-a-crucial-fed-meeting-for-the-dollar-articles-ing-think.md) | +0.2% | +1.5% |
| EURUSD | 2022-08-29 | [Dollar eases off of 20-year high as euro boosted by rates view \| Reuters](https://feedsoft.ai/events/40214-dollar-eases-off-of-20-year-high-as-euro-boosted-by-rates-view-reuters.md) | +0.3% | -3.8% |
| EURUSD | 2024-03-07 | [EUR/USD up on the day after conclusion of ECB policy meeting](https://feedsoft.ai/events/31422-eur-usd-up-on-the-day-after-conclusion-of-ecb-policy-meeting.md) | +0.3% | -0.8% |
| EURUSD | 2019-11-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/56279-account-of-the-monetary-policy-meeting.md) | -0.6% | +0.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/euro-off-two-year-highs-before-fed-meeting-2

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