# Ukraine war sends euro below $1.10 for first time in two years

> The euro fell below $1.10 for the first time in almost two years and hit a seven-year low against the Swiss franc. Russian forces seized Europe's largest nuclear power plant after a building at the complex caught fire. Analysts said the war and surging energy prices would weigh on European consumption and growth.

- Date: 2022-03-04 · published 2022-03-04T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/8256-ukraine-war-sends-euro-below-1-10-for-first-time-in-two-years
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher European energy costs and weaker growth expectations pressure the euro, which lifts the dollar and makes US-priced feed inputs cheaper for euro-based buyers while raising the cost of imported energy-linked inputs.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-03-07 | 5 | -3.2% | -3.9 | Euro broke below $1.10 on 2022-03-04 as the war and surging energy prices were expected to hurt European growth and consumption, a sentiment and currency driver within the window. |
| DXY | 2022-03-07 | 5 | +1.8% | 3.1 | Euro dropped below $1.10 on March 4 amid war and energy-price fears; euro is the largest component of the broad dollar index, so its weakness lifted the dollar. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-09-22 | [Euro plummets to a 20-year low amid war in Ukraine](https://feedsoft.ai/events/39804-euro-plummets-to-a-20-year-low-amid-war-in-ukraine.md) | -2.0% | -0.6% |
| EURUSD | 2022-02-25 | [From euro to EM: Russia's Ukraine war upends market bets \| Reuters](https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters.md) | -0.9% | -1.3% |
| EURUSD | 2022-03-07 | [Euro slides as war in Ukraine stokes fears of inflationary shock](https://feedsoft.ai/events/8258-euro-slides-as-war-in-ukraine-stokes-fears-of-inflationary-shock.md) | +0.2% | +1.2% |
| EURUSD | 2022-01-24 | [Ukraine tensions lift dollar, send euro lower](https://feedsoft.ai/events/6267-ukraine-tensions-lift-dollar-send-euro-lower.md) | -1.6% | -0.2% |
| EURUSD | 2022-02-24 | [Euro hits three-week low, Aussie skids as Putin orders troops into Ukraine - Markets - Business Recorder](https://feedsoft.ai/events/9835-euro-hits-three-week-low-aussie-skids-as-putin-orders-troops-into-ukraine.md) | -1.9% | -2.8% |
| DXY | 2022-09-22 | [Euro plummets to a 20-year low amid war in Ukraine](https://feedsoft.ai/events/39804-euro-plummets-to-a-20-year-low-amid-war-in-ukraine.md) | +1.9% | +1.8% |
| DXY | 2022-02-25 | [From euro to EM: Russia's Ukraine war upends market bets \| Reuters](https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters.md) | +0.0% | +0.0% |
| DXY | 2022-03-07 | [Euro slides as war in Ukraine stokes fears of inflationary shock](https://feedsoft.ai/events/8258-euro-slides-as-war-in-ukraine-stokes-fears-of-inflationary-shock.md) | +0.3% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/ukraine-war-sends-euro-below-110-first-time-two-years-2022-03-04/

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