# Euro hits near 7-month low vs dollar as tariff worries weigh | Reuters

> The euro fell to its lowest level in nearly seven months against the dollar on Monday. Investors worried that possible tariffs from the incoming Trump administration could hurt the euro area economy.

- Date: 2024-11-11 · published 2024-11-11T12:00:00.000Z
- Category: macro · region Euro Area · magnitude medium
- Page: https://feedsoft.ai/events/7555-euro-hits-near-7-month-low-vs-dollar-as-tariff-worries-weigh-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tariff fears strengthen the dollar and weaken the euro, which can make US exports cheaper abroad but raises concerns about trade flows and demand for US farm goods.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2024-11-13 | 5 | -3.2% | -4.2 | The euro fell to a near 7-month low on Monday as tariff worries continued, extending the decline within the window. |
| DXY | 2024-11-13 | 5 | +1.9% | 2.8 | Euro, the largest component of the broad index, fell to a near seven-month low on tariff worries, lifting the dollar. |
| DXY | 2024-11-12 | 1 | +1.0% | 3.1 | Euro hit a near 7-month low on 11/11 on tariff worries, extending the momentum into the 11/12 dollar gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | -3.0% | -3.6% |
| EURUSD | 2026-10-01 | [Dollar hits 17-month high versus euro as bond selloff lifts yields](https://feedsoft.ai/events/9653-dollar-hits-17-month-high-versus-euro-as-bond-selloff-lifts-yields.md) | -1.4% | -1.6% |
| EURUSD | 2018-05-29 | [Euro hits 10-month nadir versus dollare](https://feedsoft.ai/events/65218-euro-hits-10-month-nadir-versus-dollare.md) | +0.3% | +0.2% |
| EURUSD | 2022-07-13 | [ECB is 'attentive' to exchange rate as euro hits parity with dollar \| Reuters](https://feedsoft.ai/events/40709-ecb-is-attentive-to-exchange-rate-as-euro-hits-parity-with-dollar-reuters.md) | +1.7% | +1.6% |
| EURUSD | 2021-11-11 | [Dollar rockets to 16-month highs after hot U.S. inflation; euro sinks \| Reuters](https://feedsoft.ai/events/11949-dollar-rockets-to-16-month-highs-after-hot-u-s-inflation-euro-sinks-reuters.md) | -1.4% | -1.8% |
| DXY | 2018-06-20 | [Dollar hovers near 11-month high as trade concerns weigh](https://feedsoft.ai/events/8535-dollar-hovers-near-11-month-high-as-trade-concerns-weigh.md) | -0.3% | -0.3% |
| DXY | 2024-01-17 | [Dollar hits new one-month high as data weighs on rate cut hopes](https://feedsoft.ai/events/32291-dollar-hits-new-one-month-high-as-data-weighs-on-rate-cut-hopes.md) | +0.4% | +0.8% |
| DXY | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | +1.7% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-underpinned-before-us-inflation-data-fed-speakers-2024-11-11/

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