# Against the tide: The return of the euro? - Euromoney

> David Roche argues that the dollar's multi-year rally is losing fundamental support. He says U.S. protectionist measures such as tariffs or a border tax could hurt the dollar via capital-account effects, including possible Chinese retaliation. He also expects the ECB to be done easing and German inflation to be rising.

- Date: 2017-02-23 · published 2017-02-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/72709-against-the-tide-the-return-of-the-euro-euromoney
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar would lift dollar-priced commodities such as soybeans, corn and meal for non-U.S. buyers, while a stronger euro would raise the cost of those imports for euro-zone feed users. The view is an opinion piece and does not itself change current supply or demand.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-04-17 | [The multiple factors underpinning the renewed strength of the euro against the dollar](https://feedsoft.ai/events/36619-the-multiple-factors-underpinning-the-renewed-strength-of-the-euro-against-the.md) | -0.1% | -1.1% |
| EURUSD | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | -0.5% | -1.5% |
| EURUSD | 2019-11-10 | [Why the euro is emerging as a brave bet against the dollar \| The National](https://feedsoft.ai/events/56286-why-the-euro-is-emerging-as-a-brave-bet-against-the-dollar-the-national.md) | +0.5% | +0.6% |
| EURUSD | 2026-08-26 | [Euro: ECB tightening outlook offers support against US Dollar - BNY](https://feedsoft.ai/events/18099-euro-ecb-tightening-outlook-offers-support-against-us-dollar-bny.md) | -0.7% | -2.4% |
| EURUSD | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | -0.5% | -2.0% |
| DXY | 2017-07-31 | [USD: Tide of sentiment has turned against the dollar – BBH — Octa](https://feedsoft.ai/events/70150-usd-tide-of-sentiment-has-turned-against-the-dollar-bbh-octa.md) | +0.3% | -0.5% |
| DXY | 2023-04-17 | [The multiple factors underpinning the renewed strength of the euro against the dollar](https://feedsoft.ai/events/36619-the-multiple-factors-underpinning-the-renewed-strength-of-the-euro-against-the.md) | +0.4% | +0.4% |
| DXY | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | +0.3% | +1.1% |

## Sources

- euromoney.com: https://www.euromoney.com/article/27bjsncxo5vak9tlbamoj/opinion/against-the-tide-the-return-of-the-euro/

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