# Dollar weak as improved risk appetite, EU recovery fund hopes lift euro

> The US dollar fell against the euro for a third straight day as the currency gained from the European Commission's proposed 750 billion euro coronavirus recovery fund. Improved risk appetite also drew investors toward riskier assets, and EUR/USD traded near 1.1057. Weekly US jobless claims of 2.1 million offered the dollar little support.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/53349-dollar-weak-as-improved-risk-appetite-eu-recovery-fund-hopes-lift-euro
- 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 tends to support dollar-priced commodities and firm demand from importers, while a stronger euro shifts competitiveness for EU feed and grain buyers. Sustained dollar weakness is a modest tailwind for US-priced feed ingredients.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-29 | [Ringgit Rises Against U.S. Dollar In Early Trade As Risk Appetite Improves](https://feedsoft.ai/events/34367-ringgit-rises-against-u-s-dollar-in-early-trade-as-risk-appetite-improves.md) | +1.1% | +0.9% |
| DXY | 2021-09-23 | [Dollar slumps as risk appetite rebounds](https://feedsoft.ai/events/44962-dollar-slumps-as-risk-appetite-rebounds.md) | +1.0% | -0.0% |
| DXY | 2023-11-02 | [US dollar retreats as risk appetite rises, Fed rate hikes seen as done](https://feedsoft.ai/events/33079-us-dollar-retreats-as-risk-appetite-rises-fed-rate-hikes-seen-as-done.md) | -1.4% | -3.1% |
| DXY | 2020-08-31 | [A weak dollar is impacting an uneven global market recovery](https://feedsoft.ai/events/51828-a-weak-dollar-is-impacting-an-uneven-global-market-recovery.md) | +0.1% | +1.4% |
| DXY | 2022-11-01 | [ECB Rate Hike Expectations, Weaker Dollar Lift Euro \| FXEmpire](https://feedsoft.ai/events/38898-ecb-rate-hike-expectations-weaker-dollar-lift-euro-fxempire.md) | -1.0% | -3.2% |
| EURUSD | 2020-08-31 | [A weak dollar is impacting an uneven global market recovery](https://feedsoft.ai/events/51828-a-weak-dollar-is-impacting-an-uneven-global-market-recovery.md) | -0.7% | -2.0% |
| EURUSD | 2022-11-01 | [ECB Rate Hike Expectations, Weaker Dollar Lift Euro \| FXEmpire](https://feedsoft.ai/events/38898-ecb-rate-hike-expectations-weaker-dollar-lift-euro-fxempire.md) | +1.1% | +4.4% |
| EURUSD | 2022-11-15 | [Dollar loses ground after economic data boosts risk appetite \| Financial Post](https://feedsoft.ai/events/7563-dollar-loses-ground-after-economic-data-boosts-risk-appetite-financial-post.md) | -1.0% | +2.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/05/28/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.