# Euro sharpens decline to four-week low

> The euro fell to a four-week low against the dollar after US consumer prices rose 8.6% in May, the fastest pace since 1981. The data strengthened the case for multiple large Fed rate hikes this year, while the ECB was seen moving more gradually.

- Date: 2022-06-13 · published 2022-06-13T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/9635-euro-sharpens-decline-to-four-week-low
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A widening rate gap favors the dollar, pressuring the euro and lifting the dollar index, which tends to make dollar-priced US feed and grain exports relatively more expensive for buyers in Europe.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-06-15 | 5 | -3.3% | -3.6 | US May CPI at 8.6% raised expectations of aggressive Fed tightening versus a slower ECB, widening the rate differential and pushing the euro to a four-week low. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-04-12 | [Euro sharpens decline to five-month lows on concerns about the interest rate gap](https://feedsoft.ai/events/9975-euro-sharpens-decline-to-five-month-lows-on-concerns-about-the-interest-rate-gap.md) | -0.6% | +0.5% |
| EURUSD | 2020-10-29 | [Euro falls to four-week low as ECB flags easing in December \| Financial Post](https://feedsoft.ai/events/50839-euro-falls-to-four-week-low-as-ecb-flags-easing-in-december-financial-post.md) | -0.2% | +1.7% |
| EURUSD | 2026-09-29 | [Euro Weakens Further to Over One-Year Low](https://feedsoft.ai/events/17696-euro-weakens-further-to-over-one-year-low.md) | -1.4% | -2.0% |
| EURUSD | 2026-06-18 | [Euro Slumps to 2-1/2-Month Low](https://feedsoft.ai/events/11514-euro-slumps-to-2-1-2-month-low.md) | -1.8% | -1.3% |
| EURUSD | 2021-02-26 | [EUR/USD set to end the week on a sour note, drops sharply back below 1.2100 - Forex Crunch](https://feedsoft.ai/events/9591-eur-usd-set-to-end-the-week-on-a-sour-note-drops-sharply-back-below-1-2100.md) | -1.5% | -3.7% |
| DXY | 2024-04-12 | [Euro sharpens decline to five-month lows on concerns about the interest rate gap](https://feedsoft.ai/events/9975-euro-sharpens-decline-to-five-month-lows-on-concerns-about-the-interest-rate-gap.md) | +1.1% | +0.5% |
| DXY | 2020-10-29 | [Euro falls to four-week low as ECB flags easing in December \| Financial Post](https://feedsoft.ai/events/50839-euro-falls-to-four-week-low-as-ecb-flags-easing-in-december-financial-post.md) | -0.5% | -2.2% |
| DXY | 2026-09-29 | [Euro Weakens Further to Over One-Year Low](https://feedsoft.ai/events/17696-euro-weakens-further-to-over-one-year-low.md) | +0.5% | +0.8% |

## Sources

- economies.com: https://www.economies.com/forex/news/euro-sharpens-decline-to-four-week-low-41239

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