# Dollar index drops on euro rise after ECB comments

> The euro rose sharply against the dollar on Thursday after ECB President Lagarde's comments and a weaker-than-expected US economic report. The move reflected shifts in interest-rate markets that pushed the dollar index lower.

- Date: 2021-10-28 · published 2021-10-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments
- 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 supports dollar-priced commodities, which can lift export demand for US grains and feed ingredients.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | -0.3% | -1.3% |
| DXY | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | -1.2% | -2.5% |
| DXY | 2018-07-20 | [Dollar sees biggest one-day drop in 3 weeks after Trump comments](https://feedsoft.ai/events/64217-dollar-sees-biggest-one-day-drop-in-3-weeks-after-trump-comments.md) | -0.9% | +0.6% |
| DXY | 2019-06-19 | [Dollar Drops on Fed Comments -- Market Talk - WSJ](https://feedsoft.ai/events/7437-dollar-drops-on-fed-comments-market-talk-wsj.md) | -1.1% | -0.9% |
| DXY | 2023-10-19 | [Dollar dips on dovish Powell comments \| Reuters](https://feedsoft.ai/events/33814-dollar-dips-on-dovish-powell-comments-reuters.md) | -0.0% | -2.1% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |
| EURUSD | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | +2.4% | +4.3% |
| EURUSD | 2018-10-25 | [Euro rises versus dollar after ECB's Draghi predicts inflation pick up](https://feedsoft.ai/events/62753-euro-rises-versus-dollar-after-ecb-s-draghi-predicts-inflation-pick-up.md) | -0.5% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/business/dollar-index-drops-euro-rise-after-ecb-comments-2021-10-28/

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