# Euro falls most this year on ECB bond decision and Spanish woes | The National

> The euro posted its biggest weekly loss of the year after the ECB extended bond purchases into September 2018 while halving monthly buying from January. Separately, Catalonia's parliament declared independence from Spain, and Madrid responded by sacking the regional government and calling elections for 21 December.

- Date: 2017-10-28 · published 2017-10-28T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/68669-euro-falls-most-this-year-on-ecb-bond-decision-and-spanish-woes-the-national
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker euro and a stronger dollar lower US dollar-denominated commodity prices in the near term, while the Catalan crisis adds political risk to the euro.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-04-25 | [Euro hurt by stalling Germany and Spanish uncertainty \| The National](https://feedsoft.ai/events/59791-euro-hurt-by-stalling-germany-and-spanish-uncertainty-the-national.md) | +0.5% | -0.3% |
| EURUSD | 2020-05-12 | [What the German court decision against the ECB means for the euro](https://feedsoft.ai/events/53353-what-the-german-court-decision-against-the-ecb-means-for-the-euro.md) | +0.8% | +4.9% |
| 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 | 2023-03-15 | [Pound falls vs dollar, rises vs euro on bank woes](https://feedsoft.ai/events/10080-pound-falls-vs-dollar-rises-vs-euro-on-bank-woes.md) | +0.4% | +1.7% |
| EURUSD | 2018-06-14 | [Euro falls 1 percent vs dollar and bond yields tumble on dovish ECB interest rate guidance \| Reuters](https://feedsoft.ai/events/64719-euro-falls-1-percent-vs-dollar-and-bond-yields-tumble-on-dovish-ecb-interest.md) | -1.6% | -0.8% |
| DXY | 2022-10-28 | [Yen falls on dovish BOJ as market awaits Fed decision](https://feedsoft.ai/events/39369-yen-falls-on-dovish-boj-as-market-awaits-fed-decision.md) | +1.2% | -2.4% |
| 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 | 2023-03-15 | [Pound falls vs dollar, rises vs euro on bank woes](https://feedsoft.ai/events/10080-pound-falls-vs-dollar-rises-vs-euro-on-bank-woes.md) | -0.1% | -1.2% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/economy/euro-falls-most-this-year-on-ecb-bond-decision-and-spanish-woes-1.670795

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