# Euro sinks against dollar as US assets look more attractive

> The euro fell to its lowest level against the dollar since May 2017 as coronavirus cases rose sharply in China and investors sought US assets. The euro also weakened against the Swiss franc, while the yen gained against the dollar.

- Date: 2020-02-13 · published 2020-02-13T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/54800-euro-sinks-against-dollar-as-us-assets-look-more-attractive
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes US-priced commodities more expensive for buyers outside the US and can weigh on dollar-denominated grain and meal prices. The move reflects risk-off flows tied to the virus outbreak.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | -2.2% | -0.3% |
| EURUSD | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | -3.0% | -3.6% |
| EURUSD | 2024-04-16 | [Dollar hits 5-month high against euro; yen weakest since 1990](https://feedsoft.ai/events/30942-dollar-hits-5-month-high-against-euro-yen-weakest-since-1990.md) | +0.1% | +1.4% |
| EURUSD | 2022-07-05 | [Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times](https://feedsoft.ai/events/10287-euro-hits-20-year-low-against-dollar-as-markets-slide-the-new-york-times.md) | -3.1% | -1.3% |
| EURUSD | 2016-12-09 | [Euro, yen fall as dollar momentum builds again](https://feedsoft.ai/events/73650-euro-yen-fall-as-dollar-momentum-builds-again.md) | -2.4% | -0.5% |
| DXY | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | +1.6% | +1.1% |
| DXY | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | +1.7% | +2.5% |
| DXY | 2024-04-16 | [Dollar hits 5-month high against euro; yen weakest since 1990](https://feedsoft.ai/events/30942-dollar-hits-5-month-high-against-euro-yen-weakest-since-1990.md) | +0.5% | -0.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/02/13/forex-markets-japanese-yen-chinese-yuan-coronavirus-in-focus.html

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