# Bleeding euro falls to 2-year low | MarketPulse by OANDA Group

> The euro fell below 1.07 to a two-year low, extending losses for a fourth day. Traders attributed the decline to the Russia-Ukraine war, uncertainty over Russian energy supplies, and expectations of a more hawkish Fed that widened the US-Europe rate gap.

- Date: 2022-04-26 · published 2022-04-26T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/8290-bleeding-euro-falls-to-2-year-low-marketpulse-by-oanda-group
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Sanctions and energy uncertainty weigh on eurozone growth and the euro, lifting the dollar cost of imported feed commodities for European buyers. Higher US rates would also tighten dollar funding conditions.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-04-28 | 5 | -3.1% | -3.9 | Euro slid to a two-year low early in the window on war, energy uncertainty and a widening US-Europe rate gap, helping start the 5-day decline. |
| DXY | 2022-04-28 | 5 | +2.5% | 4.3 | Euro fell to a two-year low on war, energy uncertainty and a wider US-Europe rate gap, adding to USD strength. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-09-05 | [Euro plunges to new 20-year low after Russian gas halt](https://feedsoft.ai/events/39802-euro-plunges-to-new-20-year-low-after-russian-gas-halt.md) | +1.0% | -2.2% |
| 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 | 2022-04-27 | [Euro slides to five-year low on Russian energy supply, slowdown fears](https://feedsoft.ai/events/8287-euro-slides-to-five-year-low-on-russian-energy-supply-slowdown-fears.md) | -1.2% | +0.8% |
| EURUSD | 2022-02-24 | [Euro (EUR USD) Falls to Weakest Since 2020 as Greenback Surges - Bloomberg](https://feedsoft.ai/events/6981-euro-eur-usd-falls-to-weakest-since-2020-as-greenback-surges-bloomberg.md) | -1.9% | -2.8% |
| EURUSD | 2022-03-01 | [Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up](https://feedsoft.ai/events/8259-euro-falls-to-lowest-since-june-2020-as-russia-s-invasion-of-ukraine-picks-up.md) | -3.2% | -2.2% |
| 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 | 2022-04-27 | [Euro slides to five-year low on Russian energy supply, slowdown fears](https://feedsoft.ai/events/8287-euro-slides-to-five-year-low-on-russian-energy-supply-slowdown-fears.md) | +0.6% | -0.3% |
| DXY | 2022-02-24 | [Euro (EUR USD) Falls to Weakest Since 2020 as Greenback Surges - Bloomberg](https://feedsoft.ai/events/6981-euro-eur-usd-falls-to-weakest-since-2020-as-greenback-surges-bloomberg.md) | +1.0% | +1.2% |

## Sources

- marketpulse.com: https://www.marketpulse.com/news/bleeding-euro-falls-to-2-year-low/

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