# Euro: ECB tightening outlook offers support against US Dollar - BNY

> ECB Executive Board member Isabel Schnabel said further rate hikes will be necessary because euro area inflation risks are tilted to the upside and growth has been more resilient than expected. She warned that waiting for wage effects could leave the ECB behind the curve. The comments underpinned the euro against the dollar.

- Date: 2026-08-26 · published 2026-08-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/18099-euro-ecb-tightening-outlook-offers-support-against-us-dollar-bny
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher European rates support the euro and weaken the dollar, which can ease pressure on dollar-priced commodities. The effect on feed grain prices is indirect.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-07-27 | [Euro: September hike outlook offers support against US Dollar – UOB](https://feedsoft.ai/events/18560-euro-september-hike-outlook-offers-support-against-us-dollar-uob.md) | +1.2% | +2.6% |
| EURUSD | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | -0.4% | -2.0% |
| EURUSD | 2017-07-20 | [Euro surges against dollar as Draghi says QE tightening talks will start in September](https://feedsoft.ai/events/70186-euro-surges-against-dollar-as-draghi-says-qe-tightening-talks-will-start-in.md) | +1.0% | +1.6% |
| EURUSD | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | -0.5% | -1.5% |
| EURUSD | 2024-05-14 | [Recovering euro keeps dollar 'gorilla' from scuppering ECB rate outlook](https://feedsoft.ai/events/30467-recovering-euro-keeps-dollar-gorilla-from-scuppering-ecb-rate-outlook.md) | +0.6% | -0.6% |
| DXY | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | +0.2% | +1.1% |
| DXY | 2017-07-20 | [Euro surges against dollar as Draghi says QE tightening talks will start in September](https://feedsoft.ai/events/70186-euro-surges-against-dollar-as-draghi-says-qe-tightening-talks-will-start-in.md) | -0.0% | +0.0% |
| DXY | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | +0.3% | +1.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-ecb-tightening-outlook-offers-support-against-us-dollar-bny-202608261140

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