# Euro charges to 2 1/2-year high as dollar slumps - MarketWatch

> The euro rose to around $1.1834 on Monday, its highest since January 2015, and booked its best monthly gain in over a year. The ICE Dollar Index fell to a 15-month low of about 92.85 and is on track for a 2.9% July drop, its fifth straight monthly decline. Analysts attributed the dollar's weakness to both political anxiety and economic factors.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70183-euro-charges-to-2-1-2-year-high-as-dollar-slumps-marketwatch
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar typically lifts dollar-denominated commodity prices and makes US exports cheaper for foreign buyers, while raising the cost of dollar-priced imports for feed buyers in the euro zone.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-12-01 | [Why the U.S. dollar is trading at a 2 1/2-year low - MarketWatch](https://feedsoft.ai/events/49845-why-the-u-s-dollar-is-trading-at-a-2-1-2-year-low-marketwatch.md) | -1.2% | -1.7% |
| DXY | 2017-05-30 | [‘Euro-dollar parity is dead,’ say analysts - MarketWatch](https://feedsoft.ai/events/71214-euro-dollar-parity-is-dead-say-analysts-marketwatch.md) | -0.4% | -0.6% |
| DXY | 2017-06-28 | [Euro touches one-year high as markets react to Draghi – The Irish Times](https://feedsoft.ai/events/70719-euro-touches-one-year-high-as-markets-react-to-draghi-the-irish-times.md) | +0.1% | -1.9% |
| DXY | 2025-06-26 | [Pound touches near 4-year high as Trump rattles dollar](https://feedsoft.ai/events/24477-pound-touches-near-4-year-high-as-trump-rattles-dollar.md) | -0.9% | -0.6% |
| DXY | 2023-04-13 | [Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg](https://feedsoft.ai/events/36584-euro-surges-to-strongest-in-a-year-as-fed-cut-bets-batter-dollar-bloomberg.md) | +0.3% | -0.4% |
| EURUSD | 2020-12-01 | [Why the U.S. dollar is trading at a 2 1/2-year low - MarketWatch](https://feedsoft.ai/events/49845-why-the-u-s-dollar-is-trading-at-a-2-1-2-year-low-marketwatch.md) | +1.6% | +2.8% |
| EURUSD | 2017-05-30 | [‘Euro-dollar parity is dead,’ say analysts - MarketWatch](https://feedsoft.ai/events/71214-euro-dollar-parity-is-dead-say-analysts-marketwatch.md) | +0.7% | +0.2% |
| EURUSD | 2017-06-28 | [Euro touches one-year high as markets react to Draghi – The Irish Times](https://feedsoft.ai/events/70719-euro-touches-one-year-high-as-markets-react-to-draghi-the-irish-times.md) | +0.3% | +2.9% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/dollar-rebounds-but-stays-on-course-for-worst-month-since-january-2017-07-31

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