# Why is the euro falling and could it hit $1?

> Reuters asks why the euro is falling and whether it could reach parity with the dollar. The article notes that a weaker currency raises the cost of imported food, energy and raw materials, which can feed inflation.

- Date: 2024-11-13 · published 2024-11-13T12:00:00.000Z
- Category: macro · region Euro Area · magnitude low
- Page: https://feedsoft.ai/events/7554-why-is-the-euro-falling-and-could-it-hit-1
- 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 euro makes US-priced commodities more expensive for euro area buyers, which can dampen import demand, while a stronger dollar tends to pressure dollar-denominated grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-04-17 | [A falling euro is not the ECB’s biggest headache \| articles \| ING THINK](https://feedsoft.ai/events/30944-a-falling-euro-is-not-the-ecb-s-biggest-headache-articles-ing-think.md) | +0.6% | +1.8% |
| EURUSD | 2020-04-29 | [Euro seen falling to 1.05 to the US dollar by year-end: BofA](https://feedsoft.ai/events/53851-euro-seen-falling-to-1-05-to-the-us-dollar-by-year-end-bofa.md) | +0.1% | +1.2% |
| EURUSD | 2022-07-01 | [Why has the dollar been so strong – and can it continue?](https://feedsoft.ai/events/40856-why-has-the-dollar-been-so-strong-and-can-it-continue.md) | -2.8% | -2.6% |
| EURUSD | 2021-11-23 | [The euro is plunging – and probably won’t bounce back soon](https://feedsoft.ai/events/11260-the-euro-is-plunging-and-probably-won-t-bounce-back-soon.md) | +0.2% | +0.1% |
| EURUSD | 2019-03-06 | [Will The ECB Crush The Euro? \| Investing.com](https://feedsoft.ai/events/60314-will-the-ecb-crush-the-euro-investing-com.md) | -0.2% | -1.0% |
| DXY | 2024-04-17 | [A falling euro is not the ECB’s biggest headache \| articles \| ING THINK](https://feedsoft.ai/events/30944-a-falling-euro-is-not-the-ecb-s-biggest-headache-articles-ing-think.md) | -0.3% | -1.0% |
| DXY | 2023-09-27 | [Why the pound is in freefall – and what it means for Sunak](https://feedsoft.ai/events/34357-why-the-pound-is-in-freefall-and-what-it-means-for-sunak.md) | +1.1% | +1.1% |
| DXY | 2020-04-29 | [Euro seen falling to 1.05 to the US dollar by year-end: BofA](https://feedsoft.ai/events/53851-euro-seen-falling-to-1-05-to-the-us-dollar-by-year-end-bofa.md) | -0.5% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/why-is-euro-falling-could-it-hit-1-2024-11-13/

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