# EU pushes for broader global use of euro to challenge dollar

> The European Commission published non-binding proposals to increase the euro's role in international payments and as a reserve currency, aiming to challenge dollar dominance. The proposals are not binding and carry no immediate policy effect.

- Date: 2018-12-05 · published 2018-12-05T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/61769-eu-pushes-for-broader-global-use-of-euro-to-challenge-dollar
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Long-term efforts to reduce dollar dominance could eventually alter currency pricing of commodities, but the near-term impact on feed markets is negligible.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-02-13 | [EU brings industry together to tackle dollar dominance in energy trade](https://feedsoft.ai/events/60826-eu-brings-industry-together-to-tackle-dollar-dominance-in-energy-trade.md) | +0.2% | -0.1% |
| EURUSD | 2025-02-20 | [Corn Markets Under Pressure – Profit-Taking and Argentina’s Export Tax Cut Weigh on Prices - Commodity Board Europe is an independent commodity market intelligence platform providing global production data, price insights and market analysis for agricultural and food commodities.](https://feedsoft.ai/events/6195-corn-markets-under-pressure-profit-taking-and-argentina-s-export-tax-cut-weigh.md) | +1.0% | +4.5% |
| EURUSD | 2017-01-31 | [Euro spikes after Trump's trade adviser says Germany is using 'grossly undervalued' currency](https://feedsoft.ai/events/73173-euro-spikes-after-trump-s-trade-adviser-says-germany-is-using-grossly.md) | +0.5% | -0.6% |
| EURUSD | 2025-05-30 | [EUR/USD pares gains with markets cautious ahead of the US PCE Prices Index report](https://feedsoft.ai/events/24908-eur-usd-pares-gains-with-markets-cautious-ahead-of-the-us-pce-prices-index.md) | +0.6% | +3.1% |
| EURUSD | 2025-03-05 | [European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending \| Germany \| The Guardian](https://feedsoft.ai/events/5804-european-markets-soar-as-germany-moves-to-lift-debt-brake-and-raise-defence.md) | +3.7% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/article/us-eu-euro/eu-pushes-for-broader-global-use-of-euro-to-challenge-dollar-idUSKBN1O41CU/?feedName=topNews&feedType=RSS

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