# Euro sees a roller-coaster ride post-Draghi as dollar bulls start to throw in the towel

> The euro rallied to a nine-day high after Draghi said policy changes would be gradual, reaching a year high against the dollar. Deutsche Bank raised its EUR/USD forecast to $1.16 or higher by year-end from $1.03.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70715-euro-sees-a-roller-coaster-ride-post-draghi-as-dollar-bulls-start-to-throw-in
- 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 and a weaker dollar tend to support dollar-denominated grain and oilseed prices, while shifting trade competitiveness for European feed buyers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-07-20 | [Euro surges against dollar as Draghi says QE tightening talks will start in September](https://feedsoft.ai/events/70186-euro-surges-against-dollar-as-draghi-says-qe-tightening-talks-will-start-in.md) | +1.0% | +1.6% |
| EURUSD | 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% | -0.2% |
| EURUSD | 2021-01-04 | [Dollar slips in to 2021 as investors ride downtrend \| The Business Standard](https://feedsoft.ai/events/12073-dollar-slips-in-to-2021-as-investors-ride-downtrend-the-business-standard.md) | +0.2% | -1.7% |
| EURUSD | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | +2.0% | +2.9% |
| EURUSD | 2018-01-24 | [Draghi concerned at euro's rise against dollar \| AGENCE EUROPE](https://feedsoft.ai/events/67188-draghi-concerned-at-euro-s-rise-against-dollar-agence-europe.md) | +0.9% | +0.3% |
| DXY | 2017-07-20 | [Euro surges against dollar as Draghi says QE tightening talks will start in September](https://feedsoft.ai/events/70186-euro-surges-against-dollar-as-draghi-says-qe-tightening-talks-will-start-in.md) | -0.0% | +0.0% |
| 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% |
| DXY | 2021-01-04 | [Dollar slips in to 2021 as investors ride downtrend \| The Business Standard](https://feedsoft.ai/events/12073-dollar-slips-in-to-2021-as-investors-ride-downtrend-the-business-standard.md) | -0.0% | +0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/06/28/euro-draghi-deutsche-bank-dollar-central-banks.html

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