# EUR Hit By ECB, PMIs And Solid U.S. Data | Investing.com

> The euro dropped on Friday after mixed German PMIs, weaker eurozone growth, and ECB President Lagarde calling for fiscal stimulus. Stronger-than-expected US Markit PMIs and a firmer FOMC minutes tone supported the dollar, pushing EUR/USD below 1.1050.

- Date: 2019-11-22 · published 2019-11-22T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/56281-eur-hit-by-ecb-pmis-and-solid-u-s-data-investing-com
- 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 lowers the local-currency cost of US feed commodities for importers' currencies less than it raises them for euro buyers, so it shifts relative trade competitiveness for grain and meal flows.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Sources

- investing.com: https://www.investing.com/analysis/eur-hit-by-ecb-pmis-and-solid-us-data-200487385

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