# Euro (EUR USD) Falls to Weakest Since 2020 as Greenback Surges - Bloomberg

> The euro fell as much as 1.8% to $1.1106, its lowest against the dollar since June 2020, as haven demand surged amid the Russia-Ukraine security crisis. The Bloomberg Dollar Index climbed as much as 1.4%.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/6981-euro-eur-usd-falls-to-weakest-since-2020-as-greenback-surges-bloomberg
- 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 stronger dollar lower the dollar cost of European-sourced feed inputs for importers and reduce US export competitiveness. The move reflects haven flows rather than a change in feed supply.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-02-24 | 1 | -1.4% | -3.5 | Same-day report of the euro falling as much as 1.8% to $1.1106 on haven demand for the dollar after Russia's invasion directly explains the move. |
| DXY | 2022-02-24 | 1 | +1.1% | 4.6 | Euro fell as much as 1.8% and the Bloomberg Dollar Index rose up to 1.4% on haven demand; the euro is the largest component of the broad dollar basket. |
| EURUSD | 2022-02-24 | 5 | -2.0% | -2.8 | Haven demand for the dollar during the Russia-Ukraine crisis pushed EUR/USD down as much as 1.8% to its lowest since June 2020 on 2022-02-24, accounting for most of the 5-day decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-03-01 | [Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up](https://feedsoft.ai/events/8259-euro-falls-to-lowest-since-june-2020-as-russia-s-invasion-of-ukraine-picks-up.md) | -3.2% | -2.2% |
| EURUSD | 2022-02-24 | [G-10 currencies plummet as Dollar posts largest rally since 2020 \| World News](https://feedsoft.ai/events/6984-g-10-currencies-plummet-as-dollar-posts-largest-rally-since-2020-world-news.md) | -1.9% | -2.8% |
| EURUSD | 2022-04-26 | [Bleeding euro falls to 2-year low \| MarketPulse by OANDA Group](https://feedsoft.ai/events/8290-bleeding-euro-falls-to-2-year-low-marketpulse-by-oanda-group.md) | -1.7% | -0.3% |
| EURUSD | 2022-03-04 | [U.S. Dollar Index soars to highest since 2020, while euro is under pressure as Russia-Ukraine conflict deepens - MarketWatch](https://feedsoft.ai/events/12078-u-s-dollar-index-soars-to-highest-since-2020-while-euro-is-under-pressure-as.md) | -0.4% | +0.4% |
| EURUSD | 2026-03-04 | [Dollar firms, euro stumbles as energy prices surge \| MarketScreener](https://feedsoft.ai/events/11005-dollar-firms-euro-stumbles-as-energy-prices-surge-marketscreener.md) | +0.4% | -0.7% |
| DXY | 2022-03-01 | [Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up](https://feedsoft.ai/events/8259-euro-falls-to-lowest-since-june-2020-as-russia-s-invasion-of-ukraine-picks-up.md) | +1.8% | +0.8% |
| DXY | 2022-02-24 | [G-10 currencies plummet as Dollar posts largest rally since 2020 \| World News](https://feedsoft.ai/events/6984-g-10-currencies-plummet-as-dollar-posts-largest-rally-since-2020-world-news.md) | +1.0% | +1.2% |
| DXY | 2022-04-26 | [Bleeding euro falls to 2-year low \| MarketPulse by OANDA Group](https://feedsoft.ai/events/8290-bleeding-euro-falls-to-2-year-low-marketpulse-by-oanda-group.md) | +1.1% | +0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-02-24/euro-falls-to-lowest-against-dollar-since-2020-greenback-surges

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