# EURUSD Tumbled As Draghi Sounds More Pessimistic Than Expected Coupled With The | Investing.com

> EURUSD fell about 0.65 to 0.86 percent after ECB President Draghi sounded more pessimistic than expected. The move followed a dovish hold and a downgrade of German GDP growth. The pair hit a session low near 1.1288.

- Date: 2019-01-24 · published 2019-01-24T12:00:00.000Z
- Category: market · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/61305-eurusd-tumbled-as-draghi-sounds-more-pessimistic-than-expected-coupled-with-the
- 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 and stronger dollar move the cost of dollar-priced grains and oilseeds for European buyers. The effect on feed prices is small.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Sources

- investing.com: https://www.investing.com/analysis/eurusd-tumbled-as-draghi-sounds-more-pessimistic-than-expected-coupled-with-the-200379874

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