# Euro-Dollar: Why Markets Think The ECB Will Hike Before The Fed

> EUR/USD edged higher as investors focused on a likely June ECB hike while US core PCE data were soft, with headline PCE at 3.8%. The Fed is expected to stay on hold through year-end.

- Date: 2026-05-29 · published 2026-05-29T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/19473-euro-dollar-why-markets-think-the-ecb-will-hike-before-the-fed
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rate-spread shifts that strengthen the euro and soften the dollar can support dollar-priced commodity demand from Europe, though the effect on feed prices is indirect.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-05-29 | [Dollar Faces Bigger Hit Than Euro If Fed, ECB Resume Rate Cuts -- Market Talk](https://feedsoft.ai/events/19476-dollar-faces-bigger-hit-than-euro-if-fed-ecb-resume-rate-cuts-market-talk.md) | -0.2% | -2.1% |
| EURUSD | 2020-03-02 | [US asset markets: What Fed cuts mean for US Treasuries and the dollar \| articles \| ING THINK](https://feedsoft.ai/events/7151-us-asset-markets-what-fed-cuts-mean-for-us-treasuries-and-the-dollar-articles.md) | +2.9% | +0.5% |
| EURUSD | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | +0.2% | -1.4% |
| EURUSD | 2019-12-12 | [Euro buoyed before ECB meeting as Fed forecast knocks dollar \| Financial Post](https://feedsoft.ai/events/55785-euro-buoyed-before-ecb-meeting-as-fed-forecast-knocks-dollar-financial-post.md) | +0.2% | +0.2% |
| EURUSD | 2021-01-22 | [FX traders brush off ECB talk, bet euro-dollar has further to run - Markets - Business Recorder](https://feedsoft.ai/events/49376-fx-traders-brush-off-ecb-talk-bet-euro-dollar-has-further-to-run-markets.md) | -0.2% | -0.1% |
| DXY | 2026-05-29 | [Dollar Faces Bigger Hit Than Euro If Fed, ECB Resume Rate Cuts -- Market Talk](https://feedsoft.ai/events/19476-dollar-faces-bigger-hit-than-euro-if-fed-ecb-resume-rate-cuts-market-talk.md) | +0.3% | +1.6% |
| DXY | 2017-03-16 | [Why Did The US Dollar Fall Despite FED Hike? \| Exchange Rates UK](https://feedsoft.ai/events/72192-why-did-the-us-dollar-fall-despite-fed-hike-exchange-rates-uk.md) | -1.3% | -1.2% |
| DXY | 2020-03-02 | [US asset markets: What Fed cuts mean for US Treasuries and the dollar \| articles \| ING THINK](https://feedsoft.ai/events/7151-us-asset-markets-what-fed-cuts-mean-for-us-treasuries-and-the-dollar-articles.md) | -0.8% | +4.0% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/46052/2026-05-29-euro-dollar-why-markets-think-the-ecb-will-hike-before-the-fed.html

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