# N.Korea missile and strong euro sink European stocks

> European stocks fell on August 29 after North Korea fired a missile and the euro rose above $1.20. The euro's gain followed ECB President Draghi's silence on its strength at Jackson Hole. Investors also cited fiscal problems in the US.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/69667-n-korea-missile-and-strong-euro-sink-european-stocks
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Geopolitical risk and a stronger euro can weigh on risk sentiment and move currency-linked commodity prices. The effect on feed markets is small unless tensions escalate into supply disruption.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-01-20 | [Euro Strengthens Above $1.17](https://feedsoft.ai/events/7346-euro-strengthens-above-1-17.md) | +2.5% | +2.0% |
| EURUSD | 2017-04-23 | [French elections: Wall Street joins European relief rally - BBC News](https://feedsoft.ai/events/9725-french-elections-wall-street-joins-european-relief-rally-bbc-news.md) | +1.9% | +4.6% |
| EURUSD | 2022-03-09 | [Euro surges as oil prices ease and investors embrace risk](https://feedsoft.ai/events/9523-euro-surges-as-oil-prices-ease-and-investors-embrace-risk.md) | +0.9% | +0.4% |
| EURUSD | 2026-01-22 | [Stocks rise as dollar dips after Trump's walk-back of Greenland threats \| Reuters](https://feedsoft.ai/events/7349-stocks-rise-as-dollar-dips-after-trump-s-walk-back-of-greenland-threats-reuters.md) | +2.0% | +0.5% |
| EURUSD | 2017-04-24 | [French election relief sends Europe soaring](https://feedsoft.ai/events/9724-french-election-relief-sends-europe-soaring.md) | +1.9% | +4.6% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/nkorea-missile-and-strong-euro-sink-european-stocks-idUSL8N1LF35K/

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