# Dollar rises vs euro as ECB's Draghi warns on downside risks

> The dollar rose to a more than five-week high against the euro after ECB President Mario Draghi said economic risks had shifted to the downside and near-term data would likely be weaker than expected. The ECB left policy unchanged and kept a possible rate hike later in the year on the table. The euro fell to $1.1299.

- Date: 2019-01-24 · published 2019-01-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/61302-dollar-rises-vs-euro-as-ecb-s-draghi-warns-on-downside-risks
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar and a weaker euro shift currency-driven demand and import costs for feed buyers and exporters. The effect on grain and oilseed prices is indirect and modest.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-20 | [Dollar rises vs euro as traders eye ECB rate decision](https://feedsoft.ai/events/40712-dollar-rises-vs-euro-as-traders-eye-ecb-rate-decision.md) | +0.2% | -0.7% |
| DXY | 2023-03-15 | [Pound falls vs dollar, rises vs euro on bank woes](https://feedsoft.ai/events/10080-pound-falls-vs-dollar-rises-vs-euro-on-bank-woes.md) | -0.1% | -1.2% |
| DXY | 2022-08-22 | [Dollar rises on risk aversion; euro revisits parity](https://feedsoft.ai/events/40217-dollar-rises-on-risk-aversion-euro-revisits-parity.md) | +0.0% | +1.6% |
| DXY | 2026-10-01 | [Dollar rises, euro slips after ECB rate increase](https://feedsoft.ai/events/17692-dollar-rises-euro-slips-after-ecb-rate-increase.md) | +0.2% | +0.6% |
| DXY | 2022-06-13 | [Rand drops as dollar rises on slowdown worries - Moneyweb](https://feedsoft.ai/events/41266-rand-drops-as-dollar-rises-on-slowdown-worries-moneyweb.md) | +1.0% | +2.9% |
| EURUSD | 2022-07-20 | [Dollar rises vs euro as traders eye ECB rate decision](https://feedsoft.ai/events/40712-dollar-rises-vs-euro-as-traders-eye-ecb-rate-decision.md) | -1.2% | -0.6% |
| EURUSD | 2023-03-15 | [Pound falls vs dollar, rises vs euro on bank woes](https://feedsoft.ai/events/10080-pound-falls-vs-dollar-rises-vs-euro-on-bank-woes.md) | +0.4% | +1.7% |
| EURUSD | 2026-10-01 | [Dollar rises, euro slips after ECB rate increase](https://feedsoft.ai/events/17692-dollar-rises-euro-slips-after-ecb-rate-increase.md) | -1.4% | -1.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/01/24/forex-markets-global-economy-us-china-trade-in-focus.html

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