# Euro hits two-year low amid trade concerns | The National

> The euro fell below $1.10 for the first time since May 2017, dropping as much as 0.7% against the dollar. The sell-off intensified around options expiry in thin late-summer trade. Traders also weighed new US tariffs on China, unrest in Hong Kong and Italy's political crisis.

- Date: 2019-08-31 · published 2019-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57799-euro-hits-two-year-low-amid-trade-concerns-the-national
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker euro strengthens the dollar, which tends to pressure dollar-denominated commodity prices and can make US feed exports less competitive. The move also reflects weak global trade expectations.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-04-27 | [Dollar hits five-year high, growth concerns dent euro](https://feedsoft.ai/events/7377-dollar-hits-five-year-high-growth-concerns-dent-euro.md) | -1.2% | +0.8% |
| EURUSD | 2019-04-29 | [Eurozone economic confidence at lowest since 2016 \| The National](https://feedsoft.ai/events/59796-eurozone-economic-confidence-at-lowest-since-2016-the-national.md) | +0.3% | +0.4% |
| 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 | 2026-06-17 | [Euro folds as the Fed trades cuts for hikes](https://feedsoft.ai/events/11521-euro-folds-as-the-fed-trades-cuts-for-hikes.md) | -2.3% | -1.4% |
| EURUSD | 2017-10-28 | [Euro falls most this year on ECB bond decision and Spanish woes \| The National](https://feedsoft.ai/events/68669-euro-falls-most-this-year-on-ecb-bond-decision-and-spanish-woes-the-national.md) | +0.3% | +2.6% |
| DXY | 2022-04-27 | [Dollar hits five-year high, growth concerns dent euro](https://feedsoft.ai/events/7377-dollar-hits-five-year-high-growth-concerns-dent-euro.md) | +0.6% | -0.3% |
| DXY | 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) | +1.5% | -0.1% |
| DXY | 2018-06-20 | [Dollar hovers near 11-month high as trade concerns weigh](https://feedsoft.ai/events/8535-dollar-hovers-near-11-month-high-as-trade-concerns-weigh.md) | -0.3% | -0.3% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/money/euro-hits-two-year-low-amid-trade-concerns-1.904579

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