# Euro extends gains after Lagarde's bullish remarks

> EUR/USD rose above 0.4% on May 24, 2022 to 1.0736, its highest since April 25, after ECB President Lagarde said bond purchases would end early in the third quarter, allowing a rate hike in July. The dollar index slipped to a one-month low of 101.74. Analysts expected the euro to climb toward 1.08 over three months.

- Date: 2022-05-24 · published 2022-05-24T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/12689-euro-extends-gains-after-lagarde-s-bullish-remarks
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of ECB tightening are narrowing the rate gap with the Fed, which weakens the dollar and supports dollar-priced commodities for non-US buyers. The effect on feed prices is indirect and tied to currency flows.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-09-12 | [Euro gains after ECB rate cut as Lagarde pushes back on October ease](https://feedsoft.ai/events/28525-euro-gains-after-ecb-rate-cut-as-lagarde-pushes-back-on-october-ease.md) | +0.9% | -0.6% |
| EURUSD | 2022-02-03 | [Euro jumps after hawkish comments from ECB's Lagarde](https://feedsoft.ai/events/9869-euro-jumps-after-hawkish-comments-from-ecb-s-lagarde.md) | +1.2% | -2.2% |
| EURUSD | 2023-10-31 | [Euro Holds Gains After Eurozone Inflation Comes In Below 3.0% But Core Remains 'Sticky'](https://feedsoft.ai/events/33841-euro-holds-gains-after-eurozone-inflation-comes-in-below-3-0-but-core-remains.md) | +1.2% | +3.3% |
| EURUSD | 2025-03-04 | [Euro gains after German debt reform; US dollar falls](https://feedsoft.ai/events/5800-euro-gains-after-german-debt-reform-us-dollar-falls.md) | +3.2% | +2.9% |
| EURUSD | 2022-02-04 | [Euro climbs after ECB's 'ground-breaking' hawkish turn - Markets - Business Recorder](https://feedsoft.ai/events/9874-euro-climbs-after-ecb-s-ground-breaking-hawkish-turn-markets-business-recorder.md) | +0.5% | -4.5% |
| DXY | 2024-09-12 | [Euro gains after ECB rate cut as Lagarde pushes back on October ease](https://feedsoft.ai/events/28525-euro-gains-after-ecb-rate-cut-as-lagarde-pushes-back-on-october-ease.md) | -1.0% | +0.1% |
| DXY | 2022-02-03 | [Euro jumps after hawkish comments from ECB's Lagarde](https://feedsoft.ai/events/9869-euro-jumps-after-hawkish-comments-from-ecb-s-lagarde.md) | -0.3% | +0.7% |
| DXY | 2022-07-28 | [Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief](https://feedsoft.ai/events/40759-pound-sterling-extends-gains-against-euro-and-dollar-on-post-fed-relief.md) | -0.3% | +0.2% |

## Sources

- economies.com: https://www.economies.com/forex/news/euro-extends-gains-after-lagardes-bullish-remarks-41145

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