# Euro surges as oil prices ease and investors embrace risk

> The euro rose more than 1.5% against the dollar as risk appetite returned and oil and commodity prices eased from peaks driven by Russia's invasion of Ukraine and Western sanctions. The euro had touched a 22-month low earlier in the week, and reports said the EU was discussing joint bond issuance to fund energy and defense spending.

- Date: 2022-03-09 · published 2022-03-09T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9523-euro-surges-as-oil-prices-ease-and-investors-embrace-risk
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower energy prices ease inflation pressure and reduce the dollar's safe-haven bid, which supports dollar-priced commodities and currency-linked feed input costs. Crude weakness also trims the cost of biofuel-linked and freight inputs.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-03-09 | 1 | +1.7% | 3.6 | Directly describes the euro's >1.5% surge on 2022-03-09 as risk appetite returned and oil/commodity prices eased, matching the move's timing and size. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-03-11 | [Euro rises as Putin sees 'positive shifts' in talks](https://feedsoft.ai/events/9529-euro-rises-as-putin-sees-positive-shifts-in-talks.md) | +0.9% | -1.0% |
| EURUSD | 2026-01-20 | [Dollar lower as investors reignite 'Sell America' trade \| Reuters](https://feedsoft.ai/events/7342-dollar-lower-as-investors-reignite-sell-america-trade-reuters.md) | +2.5% | +2.0% |
| EURUSD | 2017-04-24 | [French Markets Surge as Euro Withstands Attack From the Right - The New York Times](https://feedsoft.ai/events/9726-french-markets-surge-as-euro-withstands-attack-from-the-right-the-new-york-times.md) | +1.9% | +4.6% |
| EURUSD | 2022-02-22 | [Dollar dips in choppy trade as investors weigh Ukraine scenarios \| Reuters](https://feedsoft.ai/events/9836-dollar-dips-in-choppy-trade-as-investors-weigh-ukraine-scenarios-reuters.md) | -0.9% | -2.5% |
| EURUSD | 2017-04-24 | [Macron emerges on top as France urged to reject Le Pen \| CNN](https://feedsoft.ai/events/9729-macron-emerges-on-top-as-france-urged-to-reject-le-pen-cnn.md) | +1.9% | +4.6% |
| DXY | 2022-03-11 | [Euro rises as Putin sees 'positive shifts' in talks](https://feedsoft.ai/events/9529-euro-rises-as-putin-sees-positive-shifts-in-talks.md) | -0.6% | -0.3% |
| DXY | 2022-07-29 | [OPEC+ meeting on Aug. 3: Oil prices rise on tight supply \| Stock Market News](https://feedsoft.ai/events/40663-opec-meeting-on-aug-3-oil-prices-rise-on-tight-supply-stock-market-news.md) | -0.2% | +0.8% |
| DXY | 2017-03-29 | [Arab News \| Oil prices rise with Libya disruption](https://feedsoft.ai/events/72158-arab-news-oil-prices-rise-with-libya-disruption.md) | +0.5% | +0.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/03/09/forex-markets-euro-european-central-bank.html

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