# Euro sinks to 17-month low – Lagarde calls for a 'measured' ECB approach

> The euro briefly fell below 1.1220 on Thursday, its lowest in 17 months, as the global debt selloff and widening French-German spreads hit sentiment. The 10-year OAT-Bund spread widened by up to 40 basis points in just over three weeks. ECB President Lagarde called for a 'measured' approach, and markets still largely price a December hike.

- Date: 2026-10-02 · published 2026-10-02T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/9650-euro-sinks-to-17-month-low-lagarde-calls-for-a-measured-ecb-approach
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Euro weakness and firm dollar conditions weigh on dollar-denominated commodity prices and can make EU feed ingredients cheaper to buy. The rate outlook shapes the currency's direction through year-end.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-06-24 | [Euro sinks to three-month low vs. dollar](https://feedsoft.ai/events/6958-euro-sinks-to-three-month-low-vs-dollar.md) | -3.0% | -3.6% |
| 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 | 2024-04-12 | [Euro (EUR USD) Falls to Five-Month Low as ECB-Fed Divergence Looms Large - Bloomberg](https://feedsoft.ai/events/9969-euro-eur-usd-falls-to-five-month-low-as-ecb-fed-divergence-looms-large-bloomberg.md) | -0.6% | +0.5% |
| EURUSD | 2024-06-19 | [Dollar struggles for direction, euro close to 1-1/2-month low](https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low.md) | -0.5% | +1.6% |
| EURUSD | 2024-01-25 | [US dollar gains after GDP data; euro falls to six-week low after dovish ECB, Lagarde \| Reuters](https://feedsoft.ai/events/32033-us-dollar-gains-after-gdp-data-euro-falls-to-six-week-low-after-dovish-ecb.md) | -0.4% | -0.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/euro-sinks-to-17-month-low-lagarde-calls-for-a-measured-ecb-approach-202610020824

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