# Euro skyrockets amid softer US confidence

> EUR/USD rose about 0.3% toward 1.1400 as the US Dollar Index fell toward 101.30 after the Conference Board consumer confidence index fell to 90.8 in July. German IFO business climate improved to 86.6, and the Bundesbank said Germany likely recorded modest Q2 growth.

- Date: 2026-07-28 · published 2026-07-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/7689-euro-skyrockets-amid-softer-us-confidence
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Softer US sentiment and a weaker dollar slightly support dollar-priced commodities, though the move is small. Confidence data shapes expectations for US consumption, which feeds into meat and feed demand.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-03-24 | [Euro-Dollar Rate Jumps Above 1.08 As US Services-Sector Confidence Slumps To Record Low](https://feedsoft.ai/events/11348-euro-dollar-rate-jumps-above-1-08-as-us-services-sector-confidence-slumps-to.md) | +2.4% | +1.1% |
| EURUSD | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | +3.0% | +5.1% |
| EURUSD | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | +1.6% | -1.2% |
| EURUSD | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | -0.5% | +0.6% |
| EURUSD | 2023-03-01 | [Euro-Zone Core Inflation at Record Set to Embolden ECB Hawks](https://feedsoft.ai/events/37540-euro-zone-core-inflation-at-record-set-to-embolden-ecb-hawks.md) | -0.3% | +2.3% |
| DXY | 2020-03-24 | [Euro-Dollar Rate Jumps Above 1.08 As US Services-Sector Confidence Slumps To Record Low](https://feedsoft.ai/events/11348-euro-dollar-rate-jumps-above-1-08-as-us-services-sector-confidence-slumps-to.md) | -2.3% | -2.4% |
| DXY | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | -1.6% | -2.8% |
| DXY | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | -0.2% | +0.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-skyrockets-amid-softer-us-confidence-202607281544

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