# Top European officials are slamming Mnuchin's comments on a weaker dollar

> ECB executive board member Benoit Coeure criticized recent US statements on the dollar at Davos, saying exchange rate discussions belong in multilateral bodies. His remarks followed Treasury Secretary Mnuchin saying a weaker dollar benefits the US, which pushed the dollar to a three-year low against the euro.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67187-top-european-officials-are-slamming-mnuchin-s-comments-on-a-weaker-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar lifts dollar-denominated grain and oilseed prices for foreign buyers' currencies and tends to support US commodity prices, while a stronger euro can weigh on EU export competitiveness and feed demand sentiment.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | -0.3% | -1.3% |
| DXY | 2021-10-28 | [Dollar index drops on euro rise after ECB comments](https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments.md) | +0.6% | +2.5% |
| DXY | 2018-01-25 | [Dollar stung by Mnuchin comments, euro awaits ECB's currency views - The HinduBusinessLine](https://feedsoft.ai/events/67193-dollar-stung-by-mnuchin-comments-euro-awaits-ecb-s-currency-views-the.md) | -0.3% | +0.7% |
| DXY | 2025-03-07 | [US dollar sags after weaker-than-expected jobs data, Fed's Powell comments](https://feedsoft.ai/events/5802-us-dollar-sags-after-weaker-than-expected-jobs-data-fed-s-powell-comments.md) | -0.1% | -1.1% |
| DXY | 2018-07-20 | [Dollar sees biggest one-day drop in 3 weeks after Trump comments](https://feedsoft.ai/events/64217-dollar-sees-biggest-one-day-drop-in-3-weeks-after-trump-comments.md) | -0.9% | +0.6% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |
| EURUSD | 2026-02-01 | [COMMENTARY: Europe’s euro worry a mirror of US dollar dilemma?](https://feedsoft.ai/events/21268-commentary-europe-s-euro-worry-a-mirror-of-us-dollar-dilemma.md) | -0.6% | -1.6% |
| EURUSD | 2021-10-28 | [Dollar index drops on euro rise after ECB comments](https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments.md) | -0.1% | -2.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/01/26/top-european-officials-are-slamming-mnuchins-comments-on-a-weaker-dollar.html

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