# U.S., European shares advance as euro dives to lowest since 2017

> US and European shares rose while the euro fell to its lowest level since 2017. The dollar extended its surge toward its biggest monthly gain since January 2015, driven by expectations of aggressive Fed rate hikes and a stronger US economy relative to the euro zone.

- Date: 2022-04-27 · published 2022-04-27T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7378-u-s-european-shares-advance-as-euro-dives-to-lowest-since-2017
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A dollar at multi-year highs against the euro pressures US commodity prices and export demand, and makes imported feed ingredients costlier for buyers paying in weaker currencies.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-04-28 | 5 | -3.1% | -3.9 | Euro fell to its lowest since 2017 as the dollar surged on expectations of aggressive Fed hikes and a relatively stronger US economy, directly describing the move within the window. |
| DXY | 2022-04-28 | 5 | +2.5% | 4.3 | Euro fell to its lowest since 2017 as the dollar surged toward its biggest monthly gain, directly contributing to the broad index move (euro is a large weight). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-18 | [Pound dives to lowest since mid-80s as dollar scramble intensifies](https://feedsoft.ai/events/54367-pound-dives-to-lowest-since-mid-80s-as-dollar-scramble-intensifies.md) | +2.5% | -0.3% |
| DXY | 2017-01-13 | [CBA's Australian Dollar Forecasts 2017: USD to Rule but AUD to Advance on EUR, GBP](https://feedsoft.ai/events/73255-cba-s-australian-dollar-forecasts-2017-usd-to-rule-but-aud-to-advance-on-eur-gbp.md) | -0.5% | -1.2% |
| DXY | 2026-07-01 | [Euro Hits August Low as Lagarde’s Rates Talk Diverges From Fed](https://feedsoft.ai/events/19029-euro-hits-august-low-as-lagarde-s-rates-talk-diverges-from-fed.md) | +0.2% | -0.1% |
| DXY | 2024-04-12 | [Euro (EUR USD) Falls to Five-Month Low as ECB-Fed Divergence Looms Large - Bloomberg](https://feedsoft.ai/events/9969-euro-eur-usd-falls-to-five-month-low-as-ecb-fed-divergence-looms-large-bloomberg.md) | +1.1% | +0.5% |
| DXY | 2022-06-13 | [Euro sharpens decline to four-week low](https://feedsoft.ai/events/9635-euro-sharpens-decline-to-four-week-low.md) | +1.0% | +2.9% |
| EURUSD | 2019-04-29 | [Eurozone economic confidence at lowest since 2016 \| The National](https://feedsoft.ai/events/59796-eurozone-economic-confidence-at-lowest-since-2016-the-national.md) | +0.3% | +0.4% |
| EURUSD | 2026-07-01 | [Euro Hits August Low as Lagarde’s Rates Talk Diverges From Fed](https://feedsoft.ai/events/19029-euro-hits-august-low-as-lagarde-s-rates-talk-diverges-from-fed.md) | -0.2% | -0.3% |
| EURUSD | 2024-04-12 | [Euro (EUR USD) Falls to Five-Month Low as ECB-Fed Divergence Looms Large - Bloomberg](https://feedsoft.ai/events/9969-euro-eur-usd-falls-to-five-month-low-as-ecb-fed-divergence-looms-large-bloomberg.md) | -0.6% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/business/global-markets-wrapup-1-2022-04-27/

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