# Euro tumbles to near 14-year low against US dollar

> The euro fell to $1.0405 on December 15, 2016, its lowest since January 2003, after the Federal Reserve raised rates by 0.25% and signalled three more hikes in 2017. The euro also slipped against sterling to 83.6p.

- Date: 2016-12-15 · published 2016-12-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar makes US-priced grains, oilseeds and meals less competitive for importers using other currencies, which tends to weigh on US export demand and prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2016-12-15 | 1 | -2.6% | -5.6 | Euro fell to about $1.0405 after the Fed hiked and signalled three more hikes, the direct trigger for the one-day drop. |
| DXY | 2016-12-15 | 1 | +1.8% | 5.0 | The euro fell to its lowest since 2003 on Dec 15 after the Fed's signal, contributing heavily to the broad dollar gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | +1.5% | -0.1% |
| 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 | 2025-01-01 | [Vietnam Dong Declines to Record Low Against US Dollar](https://feedsoft.ai/events/27262-vietnam-dong-declines-to-record-low-against-us-dollar.md) | -0.2% | -0.9% |
| DXY | 2022-09-01 | [Pound Slumps to Fresh Two-year Lows against Dollar](https://feedsoft.ai/events/40290-pound-slumps-to-fresh-two-year-lows-against-dollar.md) | +0.8% | +3.2% |
| DXY | 2025-07-29 | [Pound at 10-week low against dollar after US-EU trade deal](https://feedsoft.ai/events/24022-pound-at-10-week-low-against-dollar-after-us-eu-trade-deal.md) | +0.3% | -0.2% |
| EURUSD | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | -3.1% | -1.3% |
| 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 | 2026-10-26 | [Euro falls against dollar; Brazilian real tumbles after Lula election win](https://feedsoft.ai/events/17282-euro-falls-against-dollar-brazilian-real-tumbles-after-lula-election-win.md) | -0.3% | — |

## Sources

- rte.ie: https://www.rte.ie/news/business/2016/1215/839105-euro-tumbles-to-near-14-year-low-against-us-dollar/

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