# Euro record losing streak: what's behind the drop in the single currency?

> The euro posted its longest losing streak against the dollar since the currency's 1999 launch, falling 0.5% to $1.0582 in Asian trade after a tenth straight daily decline. Investors have rotated out of bonds and into US equities after Donald Trump's election win, lifting expectations for US growth, inflation and Fed tightening.

- Date: 2016-11-18 · published 2016-11-18T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/74036-euro-record-losing-streak-what-s-behind-the-drop-in-the-single-currency
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar and rising US yields weigh on dollar-priced commodities and pressure emerging-market currencies, which can cut import demand for feed ingredients and make US exports pricier for buyers abroad.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | -0.6% | -1.8% |
| DXY | 2024-04-16 | [What's behind the USD's bullish break out? \| MUFG EMEA](https://feedsoft.ai/events/12556-what-s-behind-the-usd-s-bullish-break-out-mufg-emea.md) | +0.5% | -0.3% |
| DXY | 2017-09-28 | [What’s behind the rand selloff? - Moneyweb](https://feedsoft.ai/events/69234-what-s-behind-the-rand-selloff-moneyweb.md) | +0.2% | +1.4% |
| DXY | 2022-05-02 | [What is behind plunging Korean won? - The Korea Times](https://feedsoft.ai/events/41635-what-is-behind-plunging-korean-won-the-korea-times.md) | +0.3% | -1.0% |
| DXY | 2016-12-29 | [What Is China Trying to Do With Its Currency?    - WSJ](https://feedsoft.ai/events/73691-what-is-china-trying-to-do-with-its-currency-wsj.md) | -1.0% | -2.1% |
| EURUSD | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | +0.9% | +1.6% |
| EURUSD | 2024-04-16 | [What's behind the USD's bullish break out? \| MUFG EMEA](https://feedsoft.ai/events/12556-what-s-behind-the-usd-s-bullish-break-out-mufg-emea.md) | +0.1% | +1.4% |
| EURUSD | 2020-10-29 | [EUR/USD: Euro’s recent bounce to end with ECB-fuelled selloff - Currency Live](https://feedsoft.ai/events/50841-eur-usd-euro-s-recent-bounce-to-end-with-ecb-fuelled-selloff-currency-live.md) | -0.2% | +1.7% |

## Sources

- telegraph.co.uk: https://www.telegraph.co.uk/business/2016/11/18/euro-record-losing-streak-whats-behind-the-drop-in-the-single-cu/

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