# EUR/USD Logs Biggest Daily Loss in 15 Months – Noor Trends

> EUR/USD fell about 1.08% on Wednesday after the Fed kept policy unchanged but projected two rate hikes in 2023. The pair dropped below 1.20 to 1.1997, its largest daily decline since March 2020.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/6132-eur-usd-logs-biggest-daily-loss-in-15-months-noor-trends
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The Fed's hawkish projections strengthened the dollar, which tends to weigh on dollar-denominated grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2021-06-17 | 1 | -1.7% | -5.4 | EUR/USD's large decline following the Fed's hawkish projections began on the FOMC day (16 June) and carried into the 17 June move, though the date precedes the window. |
| DXY | 2021-06-17 | 1 | +1.3% | 5.6 | EUR/USD, the largest component of the broad dollar index, fell 1.08% on the Fed's hawkish projections. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-08 | [Gold logs biggest weekly fall in over five months on dollar strength](https://feedsoft.ai/events/27335-gold-logs-biggest-weekly-fall-in-over-five-months-on-dollar-strength.md) | +1.7% | +1.5% |
| DXY | 2016-11-18 | [Dollar index set for biggest 2-week rise in 20 months](https://feedsoft.ai/events/8329-dollar-index-set-for-biggest-2-week-rise-in-20-months.md) | +1.0% | +1.3% |
| DXY | 2021-11-12 | [FX Daily: EUR/USD drop is not overdone](https://feedsoft.ai/events/11954-fx-daily-eur-usd-drop-is-not-overdone.md) | +0.8% | +1.2% |
| DXY | 2022-01-28 | [Dollar poised for biggest weekly rise in 7 months on rate bets](https://feedsoft.ai/events/12224-dollar-poised-for-biggest-weekly-rise-in-7-months-on-rate-bets.md) | -0.9% | -0.6% |
| DXY | 2026-10-02 | [FOREX-Euro set for biggest weekly fall in months vs dollar as France fiscal trajectory weighs \| International](https://feedsoft.ai/events/9652-forex-euro-set-for-biggest-weekly-fall-in-months-vs-dollar-as-france-fiscal.md) | -0.3% | -0.1% |
| EURUSD | 2023-10-31 | [EUR/USD retreats on mixed EU data, ahead of Fed’s decision – Noor Trends](https://feedsoft.ai/events/33846-eur-usd-retreats-on-mixed-eu-data-ahead-of-fed-s-decision-noor-trends.md) | +1.2% | +3.3% |
| EURUSD | 2021-11-12 | [FX Daily: EUR/USD drop is not overdone](https://feedsoft.ai/events/11954-fx-daily-eur-usd-drop-is-not-overdone.md) | -1.4% | -1.8% |
| EURUSD | 2026-10-02 | [FOREX-Euro set for biggest weekly fall in months vs dollar as France fiscal trajectory weighs \| International](https://feedsoft.ai/events/9652-forex-euro-set-for-biggest-weekly-fall-in-months-vs-dollar-as-france-fiscal.md) | -0.4% | -0.6% |

## Sources

- noortrends.ae: https://noortrends.ae/en/eur-usd-logs-biggest-daily-loss-in-15-months/06/17/market-updates/

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