# EUR/USD down on Draghi, Brexit and no help from Yellen

> The euro weakened against the dollar as ECB President Mario Draghi said the bank was ready to act and could add stimulus, and Fed Chair Janet Yellen listed risks including China, a weak jobs report and Brexit. UK polls showed the referendum was close to a tie.

- Date: 2016-06-21 · published 2016-06-21T12:00:00.000Z
- Category: macro · region Eurozone · magnitude medium
- Page: https://feedsoft.ai/events/6959-eur-usd-down-on-draghi-brexit-and-no-help-from-yellen
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of further ECB easing and a patient Fed weigh on the euro and support the dollar, which affects the cost of dollar-priced feed imports for Europe. The referendum uncertainty adds to currency volatility.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-08-10 | [US Dollar to Yearly Highs as EUR/USD Breaks Down on Contagion Fears](https://feedsoft.ai/events/11066-us-dollar-to-yearly-highs-as-eur-usd-breaks-down-on-contagion-fears.md) | -1.5% | +0.1% |
| EURUSD | 2019-09-03 | [Sterling falls before Brexit vote, euro down on rate outlook](https://feedsoft.ai/events/12334-sterling-falls-before-brexit-vote-euro-down-on-rate-outlook.md) | +0.6% | -0.8% |
| EURUSD | 2019-02-15 | [EUR/USD falls below 1.1250 on comments from Coeure](https://feedsoft.ai/events/60824-eur-usd-falls-below-1-1250-on-comments-from-coeure.md) | +0.5% | +0.5% |
| EURUSD | 2018-09-30 | [The British Pound, Euro And US Dollar (GBP, EUR, USD) Exchange Rate Forecasts - Brexit Update \| Exchange Rates UK](https://feedsoft.ai/events/63290-the-british-pound-euro-and-us-dollar-gbp-eur-usd-exchange-rate-forecasts-brexit.md) | -1.0% | -2.0% |
| EURUSD | 2021-02-03 | [Euro-Dollar Gets No Help from Inflation as 1.20 Offers Formidable Support](https://feedsoft.ai/events/48858-euro-dollar-gets-no-help-from-inflation-as-1-20-offers-formidable-support.md) | +0.7% | +0.4% |
| DXY | 2018-08-10 | [US Dollar to Yearly Highs as EUR/USD Breaks Down on Contagion Fears](https://feedsoft.ai/events/11066-us-dollar-to-yearly-highs-as-eur-usd-breaks-down-on-contagion-fears.md) | +1.1% | +1.1% |
| DXY | 2017-02-14 | [US Dollar Helped by Yellen, GBP/USD Looking Overpriced on Interest Rate Spread Analysis](https://feedsoft.ai/events/72743-us-dollar-helped-by-yellen-gbp-usd-looking-overpriced-on-interest-rate-spread.md) | +0.2% | +0.2% |
| DXY | 2021-02-01 | [U.S. dollar reaches six-week high on weaker euro, Swiss franc and yen](https://feedsoft.ai/events/48877-u-s-dollar-reaches-six-week-high-on-weaker-euro-swiss-franc-and-yen.md) | +0.3% | +0.5% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2016/06/21/eurusd-draghi-mixed-polls-no-help-yellen/

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