# Euro hits lowest in three weeks as dollar gains from trade optimism

> The euro hit a three-week low against the dollar on November 8 after China and the US agreed to roll back some tariffs in a possible phase-one trade pact. Officials remained skeptical about the deal, and the White House said it was optimistic about a deal soon.

- Date: 2019-11-08 · published 2019-11-08T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/56283-euro-hits-lowest-in-three-weeks-as-dollar-gains-from-trade-optimism
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tariff rollbacks on US farm goods would support soybean and other ag export demand from China, while the dollar's rally reflects reduced trade-war risk.

## Read by commodity

- DXY: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-11-02 | [Yen falls, Australian dollar gains as US-China trade angst eases - The HinduBusinessLine](https://feedsoft.ai/events/62287-yen-falls-australian-dollar-gains-as-us-china-trade-angst-eases-the.md) | -0.2% | +3.0% |
| SOY | 2020-01-21 | [WATCH: Renminbi rises 0.5% against the US dollar, causing optimism amongst global investors](https://feedsoft.ai/events/7878-watch-renminbi-rises-0-5-against-the-us-dollar-causing-optimism-amongst-global.md) | -3.5% | -4.0% |
| SOY | 2019-09-26 | [AUD/USD: Australian Dollar Advances On US — China Trade Optimism - Currency Live](https://feedsoft.ai/events/57331-aud-usd-australian-dollar-advances-on-us-china-trade-optimism-currency-live.md) | +2.8% | +5.0% |
| SOY | 2019-08-13 | [US dollar soars against the Japanese yen on easing trade tensions](https://feedsoft.ai/events/57815-us-dollar-soars-against-the-japanese-yen-on-easing-trade-tensions.md) | -0.9% | -0.3% |
| SOY | 2019-07-01 | [Forex markets: Dollar advances to 2-week high after US-China trade tensions ease](https://feedsoft.ai/events/58330-forex-markets-dollar-advances-to-2-week-high-after-us-china-trade-tensions-ease.md) | -2.7% | -1.6% |
| CORN | 2020-01-21 | [WATCH: Renminbi rises 0.5% against the US dollar, causing optimism amongst global investors](https://feedsoft.ai/events/7878-watch-renminbi-rises-0-5-against-the-us-dollar-causing-optimism-amongst-global.md) | -1.6% | -2.0% |
| CORN | 2025-10-27 | [Crops Analysis \| Grains, soy rally amid trade optimism - Pro Farmer](https://feedsoft.ai/events/5430-crops-analysis-grains-soy-rally-amid-trade-optimism-pro-farmer.md) | +1.4% | +2.7% |
| CORN | 2019-07-01 | [Forex markets: Dollar advances to 2-week high after US-China trade tensions ease](https://feedsoft.ai/events/58330-forex-markets-dollar-advances-to-2-week-high-after-us-china-trade-tensions-ease.md) | +1.3% | +0.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/11/08/forex-markets-us-china-trade-talks-in-focus.html

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