# Dollar up vs euro on Merkel exit news, U.S. data supports

> The dollar edged higher against the euro on Monday, near a 10-week high, after German Chancellor Angela Merkel said she would not seek re-election as CDU chair. Strong U.S. consumer spending data also supported the dollar against other major currencies.

- Date: 2018-10-29 · published 2018-10-29T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/62752-dollar-up-vs-euro-on-merkel-exit-news-u-s-data-supports
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and weaker euro make U.S. feed commodities less competitive for European buyers and can weigh on dollar-denominated grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-04-28 | [Euro falls against U.S. dollar on dovish ECB tone - Trending News](https://feedsoft.ai/events/71695-euro-falls-against-u-s-dollar-on-dovish-ecb-tone-trending-news.md) | +0.9% | +3.3% |
| EURUSD | 2017-08-31 | [Dollar Gains On Bets ECB Could Weaken Euro, Strong U.S. Data - Babypips.com](https://feedsoft.ai/events/69665-dollar-gains-on-bets-ecb-could-weaken-euro-strong-u-s-data-babypips-com.md) | +0.8% | -1.3% |
| EURUSD | 2021-05-28 | [Dollar Edges Up Ahead Of Inflation Data; Yen Falls - Market News Nigeria](https://feedsoft.ai/events/47357-dollar-edges-up-ahead-of-inflation-data-yen-falls-market-news-nigeria.md) | -0.2% | -2.1% |
| EURUSD | 2022-03-03 | [Euro extends recent fall, U.S. dollar gains ahead of jobs data](https://feedsoft.ai/events/8257-euro-extends-recent-fall-u-s-dollar-gains-ahead-of-jobs-data.md) | -0.3% | +0.5% |
| EURUSD | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | +0.3% | +1.6% |
| DXY | 2019-09-06 | [FOREX-U.S jobs data supports dollar as fragile risk-on mood holds](https://feedsoft.ai/events/12330-forex-u-s-jobs-data-supports-dollar-as-fragile-risk-on-mood-holds.md) | -0.5% | +0.2% |
| DXY | 2017-04-28 | [Euro falls against U.S. dollar on dovish ECB tone - Trending News](https://feedsoft.ai/events/71695-euro-falls-against-u-s-dollar-on-dovish-ecb-tone-trending-news.md) | -0.1% | -1.4% |
| DXY | 2017-08-31 | [Dollar Gains On Bets ECB Could Weaken Euro, Strong U.S. Data - Babypips.com](https://feedsoft.ai/events/69665-dollar-gains-on-bets-ecb-could-weaken-euro-strong-u-s-data-babypips-com.md) | -1.4% | +0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/10/29/forex-markets-us-dollar-euro-yen-and-brazil-in-focus.html

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