# GRAPHIC-Back to square one: Euro/dollar returns to original launch rate

> The euro traded near $1.18 on Thursday, a 2.5-year high that left it above its 1999 launch rate of $1.1747. The currency has recovered about 14% since January 2015 on expectations that the ECB will begin unwinding its bond-buying program.

- Date: 2017-07-27 · published 2017-07-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/70187-graphic-back-to-square-one-euro-dollar-returns-to-original-launch-rate
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger euro against the dollar tends to support dollar-priced commodities and signals a weaker dollar, which can lift US grain and oilseed export values.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-05-23 | [Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider](https://feedsoft.ai/events/41613-dollar-vs-euro-greenback-hits-one-month-low-as-ecb-eyes-rate-hikes-markets.md) | +1.4% | -0.1% |
| EURUSD | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | +0.2% | -1.4% |
| EURUSD | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | +1.5% | +1.5% |
| EURUSD | 2020-03-05 | [Dollar surrenders to euro and yen as rate supremacy ends \| Financial Post](https://feedsoft.ai/events/7150-dollar-surrenders-to-euro-and-yen-as-rate-supremacy-ends-financial-post.md) | +1.3% | -1.8% |
| EURUSD | 2024-08-02 | [Euro-Dollar Surges as Odds of Emergency Federal Reserve Rate Cut Grows](https://feedsoft.ai/events/9284-euro-dollar-surges-as-odds-of-emergency-federal-reserve-rate-cut-grows.md) | +1.2% | +2.8% |
| DXY | 2022-05-23 | [Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider](https://feedsoft.ai/events/41613-dollar-vs-euro-greenback-hits-one-month-low-as-ecb-eyes-rate-hikes-markets.md) | -0.9% | +1.1% |
| DXY | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | -0.4% | +1.0% |
| DXY | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | -1.3% | -1.3% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/graphic-back-square-one-euro-152846376.html

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