# Dollar stung by Mnuchin comments, euro awaits ECB's currency views - The HinduBusinessLine

> The dollar hit a three-year low against peers after Mnuchin told Davos that a weaker dollar is good for trade. The euro rose to about $1.2425, its strongest since December 2014, and the yen also strengthened ahead of the ECB decision.

- Date: 2018-01-25 · published 2018-01-25T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67193-dollar-stung-by-mnuchin-comments-euro-awaits-ecb-s-currency-views-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A sharp dollar decline lifts dollar-priced commodities like soybeans and corn for non-US buyers, supporting export-linked price levels.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-12-28 | [Dollar near 3-1/2 week lows; commodity, currencies stand tall - The HinduBusinessLine](https://feedsoft.ai/events/67395-dollar-near-3-1-2-week-lows-commodity-currencies-stand-tall-the.md) | -1.2% | -3.8% |
| DXY | 2019-03-20 | [Dollar on defensive as market awaits Fed decision, euro edges up - The HinduBusinessLine](https://feedsoft.ai/events/60265-dollar-on-defensive-as-market-awaits-fed-decision-euro-edges-up-the.md) | +0.4% | +0.4% |
| DXY | 2017-03-13 | [Euro firms to 1-month high after ECB rate hike talk; dollar drifts - The HinduBusinessLine](https://feedsoft.ai/events/72202-euro-firms-to-1-month-high-after-ecb-rate-hike-talk-dollar-drifts-the.md) | -1.1% | -1.3% |
| DXY | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | +0.2% | +1.6% |
| DXY | 2020-03-02 | [Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine](https://feedsoft.ai/events/6185-dollar-takes-a-back-seat-as-markets-bet-on-fed-rate-cuts-the-hindubusinessline.md) | -0.8% | +4.0% |
| EURUSD | 2017-03-13 | [Euro firms to 1-month high after ECB rate hike talk; dollar drifts - The HinduBusinessLine](https://feedsoft.ai/events/72202-euro-firms-to-1-month-high-after-ecb-rate-hike-talk-dollar-drifts-the.md) | +0.7% | -0.5% |
| EURUSD | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | -0.4% | -1.5% |
| EURUSD | 2018-01-26 | [Top European officials are slamming Mnuchin's comments on a weaker dollar](https://feedsoft.ai/events/67187-top-european-officials-are-slamming-mnuchin-s-comments-on-a-weaker-dollar.md) | -0.0% | -1.5% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/dollar-stung-by-mnuchin-comments-euro-awaits-ecbs-currency-views/article10050089.ece

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