# Euro touches one-year high as markets react to Draghi – The Irish Times

> The euro touched a one-year high and euro-zone government bond yields rose after hawkish signals from Draghi and Fed Chair Yellen, who said the US economy could withstand higher rates. Oil rose earlier before a US inventory build ended its winning streak.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70719-euro-touches-one-year-high-as-markets-react-to-draghi-the-irish-times
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher global rate expectations and a stronger euro shift currency flows that affect dollar-priced grains, while the oil moves affect biofuel and freight costs.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-06-27 | [Mario Draghi confident over euro zone growth – The Irish Times](https://feedsoft.ai/events/70720-mario-draghi-confident-over-euro-zone-growth-the-irish-times.md) | +1.5% | +4.1% |
| EURUSD | 2017-07-31 | [Euro charges to 2 1/2-year high as dollar slumps - MarketWatch](https://feedsoft.ai/events/70183-euro-charges-to-2-1-2-year-high-as-dollar-slumps-marketwatch.md) | 0.0% | +1.0% |
| 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 | 2018-09-24 | [Euro rises sharply as ECB's Draghi views tighter labor market](https://feedsoft.ai/events/63251-euro-rises-sharply-as-ecb-s-draghi-views-tighter-labor-market.md) | -1.0% | -2.3% |
| EURUSD | 2017-03-10 | [Markets rally as Mario Draghi signals eurozone upturn](https://feedsoft.ai/events/72203-markets-rally-as-mario-draghi-signals-eurozone-upturn.md) | +1.4% | +0.6% |
| DXY | 2017-06-27 | [Mario Draghi confident over euro zone growth – The Irish Times](https://feedsoft.ai/events/70720-mario-draghi-confident-over-euro-zone-growth-the-irish-times.md) | -0.3% | -2.2% |
| DXY | 2017-07-31 | [Euro charges to 2 1/2-year high as dollar slumps - MarketWatch](https://feedsoft.ai/events/70183-euro-charges-to-2-1-2-year-high-as-dollar-slumps-marketwatch.md) | +0.3% | -0.5% |
| DXY | 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) | -1.2% | -1.5% |

## Sources

- irishtimes.com: https://www.irishtimes.com/business/markets/euro-touches-one-year-high-as-markets-react-to-draghi-1.3136484

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