# Euro Strengthens Above $1.17

> The euro extended gains above $1.17 to its strongest level since January 6 after Germany's ZEW index jumped to 59.6. The dollar also weakened after Trump renewed threats of 10% tariffs on several European countries over Greenland, and the EU considered retaliation up to €93 billion.

- Date: 2026-01-20 · published 2026-01-20T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/7346-euro-strengthens-above-1-17
- 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

Dollar weakness supports dollar-priced feed commodities for importers, while possible EU retaliation on U.S. goods could reduce U.S. export demand. Oil easing on Iran talks also lowers energy-linked input costs.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2026-01-20 | 1 | +1.2% | 4.3 | The euro extended gains above $1.17 on the ZEW jump to 59.6 and dollar weakness from renewed tariff threats on 2026-01-20. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-01-22 | [EUR/USD rallies above 1.1740 as easing trade tensions weaken Dollar](https://feedsoft.ai/events/7347-eur-usd-rallies-above-1-1740-as-easing-trade-tensions-weaken-dollar.md) | +2.0% | +0.5% |
| EURUSD | 2017-08-29 | [N.Korea missile and strong euro sink European stocks](https://feedsoft.ai/events/69667-n-korea-missile-and-strong-euro-sink-european-stocks.md) | -0.5% | -1.7% |
| EURUSD | 2017-04-23 | [French elections: Wall Street joins European relief rally - BBC News](https://feedsoft.ai/events/9725-french-elections-wall-street-joins-european-relief-rally-bbc-news.md) | +1.9% | +4.6% |
| EURUSD | 2022-03-11 | [Euro rises as Putin sees 'positive shifts' in talks](https://feedsoft.ai/events/9529-euro-rises-as-putin-sees-positive-shifts-in-talks.md) | +0.9% | -1.0% |
| EURUSD | 2017-04-24 | [French election spurs equity market, euro rally](https://feedsoft.ai/events/9728-french-election-spurs-equity-market-euro-rally.md) | +1.9% | +4.6% |
| DXY | 2026-01-22 | [EUR/USD rallies above 1.1740 as easing trade tensions weaken Dollar](https://feedsoft.ai/events/7347-eur-usd-rallies-above-1-1740-as-easing-trade-tensions-weaken-dollar.md) | -1.5% | -0.9% |
| DXY | 2022-03-11 | [Euro rises as Putin sees 'positive shifts' in talks](https://feedsoft.ai/events/9529-euro-rises-as-putin-sees-positive-shifts-in-talks.md) | -0.6% | -0.3% |
| DXY | 2017-04-24 | [French election relief sends Europe soaring](https://feedsoft.ai/events/9724-french-election-relief-sends-europe-soaring.md) | -0.0% | -1.0% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/euro-area/currency/news/518401

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