# Dollar weak as Brexit deal boosts euro; sterling in check

> The dollar weakened against the euro on Friday after Britain and the EU agreed a new Brexit deal, which reduced the risk of a no-deal exit. Euro-zone recession fears eased, and the euro traded at $1.1156.

- Date: 2019-10-18 · published 2019-10-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/56788-dollar-weak-as-brexit-deal-boosts-euro-sterling-in-check
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Lower Brexit risk supports the euro and weakens the dollar, a mild tailwind for dollar-priced commodities, though feed-specific impact is limited.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-07 | [Euro, sterling bounce, dollar drops as investors cash in](https://feedsoft.ai/events/6252-euro-sterling-bounce-dollar-drops-as-investors-cash-in.md) | -2.9% | -3.2% |
| DXY | 2020-11-18 | [Sterling pushed up by weaker US dollar, hopes of Brexit deal \| Malay Mail](https://feedsoft.ai/events/50423-sterling-pushed-up-by-weaker-us-dollar-hopes-of-brexit-deal-malay-mail.md) | -0.2% | -2.2% |
| DXY | 2019-05-24 | [Dollar slips as weak data boosts US rate cut bets](https://feedsoft.ai/events/59248-dollar-slips-as-weak-data-boosts-us-rate-cut-bets.md) | +0.4% | -1.2% |
| DXY | 2018-11-01 | [Sterling has second biggest rise in 2018 on Brexit optimism, dollar woes](https://feedsoft.ai/events/62299-sterling-has-second-biggest-rise-in-2018-on-brexit-optimism-dollar-woes.md) | -1.1% | -0.1% |
| DXY | 2016-11-02 | [Sterling hits 2-week high against broadly weaker dollar](https://feedsoft.ai/events/74072-sterling-hits-2-week-high-against-broadly-weaker-dollar.md) | -0.6% | +3.2% |
| EURUSD | 2022-11-07 | [Euro, sterling bounce, dollar drops as investors cash in](https://feedsoft.ai/events/6252-euro-sterling-bounce-dollar-drops-as-investors-cash-in.md) | +4.5% | +6.1% |
| EURUSD | 2023-01-31 | [Expect Pound Sterling Weakness against Euro, Dollar in Wake of Bank of England: CIBC](https://feedsoft.ai/events/38020-expect-pound-sterling-weakness-against-euro-dollar-in-wake-of-bank-of-england.md) | -1.3% | -2.4% |
| EURUSD | 2020-03-02 | [Euro Exchange Rate Reaches 5-Week-Best As Rivals Pound Sterling And Dollar See Large Losses \| Exchange Rates UK](https://feedsoft.ai/events/6188-euro-exchange-rate-reaches-5-week-best-as-rivals-pound-sterling-and-dollar-see.md) | +2.9% | +0.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/10/18/forex-markets-brexit-deal-chinas-economy-in-focus.html

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