# ECB keeps rates unchanged, signal comfort with dollar weakness | Reuters

> The ECB kept policy rates unchanged, with markets and economists expecting no rate changes in 2026 followed by possible tightening in 2027. The euro is weaker on a trade-weighted basis than at the December meeting as the dollar dip unwinds.

- Date: 2026-02-04 · published 2026-02-04T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/20803-ecb-keeps-rates-unchanged-signal-comfort-with-dollar-weakness-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stable policy path and a softer euro versus December support the dollar and slightly reduce import-cost pressure on feed inputs priced in dollars; the effect on feed prices is modest.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-09-11 | [ECB keeps rates unchanged as economy steadies – POLITICO](https://feedsoft.ai/events/23095-ecb-keeps-rates-unchanged-as-economy-steadies-politico.md) | +1.1% | -0.9% |
| EURUSD | 2024-07-18 | [ECB leaves rates unchanged, markets look to ECB's Lagarde for clues](https://feedsoft.ai/events/29482-ecb-leaves-rates-unchanged-markets-look-to-ecb-s-lagarde-for-clues.md) | -0.7% | +0.8% |
| EURUSD | 2022-08-29 | [Dollar eases off of 20-year high as euro boosted by rates view \| Reuters](https://feedsoft.ai/events/40214-dollar-eases-off-of-20-year-high-as-euro-boosted-by-rates-view-reuters.md) | +0.3% | -3.8% |
| EURUSD | 2020-04-29 | [ECB Preview: Euro-Dollar Recovers From Multi-Week Exchange Rate Lows Ahead Of Lagarde's Next Coronavirus Response \| Exchange Rates UK](https://feedsoft.ai/events/53855-ecb-preview-euro-dollar-recovers-from-multi-week-exchange-rate-lows-ahead-of.md) | +0.1% | +1.2% |
| EURUSD | 2025-09-11 | [Traders raise bets that the ECB is done cutting rates \| Reuters](https://feedsoft.ai/events/23093-traders-raise-bets-that-the-ecb-is-done-cutting-rates-reuters.md) | +1.1% | -0.9% |

## Sources

- reuters.com: https://www.reuters.com/business/finance/choppy-markets-threaten-ecbs-good-place-rates-still-firmly-hold-2026-02-04/

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