# COMMENT-ECB, data set the stage for lower EUR/USD as tariff decision looms

> EUR/USD traded near flat after the ECB cut rates by 25 basis points and euro zone Q4 GDP came in unchanged. Investors were waiting for February 1 to see whether Trump would impose tariffs. Lagarde said growth risks remain tilted to the downside.

- Date: 2025-01-30 · published 2025-01-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/26731-comment-ecb-data-set-the-stage-for-lower-eur-usd-as-tariff-decision-looms
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

If tariffs are imposed, the dollar's yield advantage could widen, pressuring the euro and lifting the dollar. A stronger dollar tends to weigh on dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-07-25 | [Euro settles lower after ECB decision; yen up](https://feedsoft.ai/events/64243-euro-settles-lower-after-ecb-decision-yen-up.md) | +0.2% | -1.3% |
| EURUSD | 2026-04-30 | [EUR/USD: Correction unfolds as ECB nears decision – MUFG](https://feedsoft.ai/events/19946-eur-usd-correction-unfolds-as-ecb-nears-decision-mufg.md) | +0.5% | -0.4% |
| EURUSD | 2020-05-12 | [What the German court decision against the ECB means for the euro](https://feedsoft.ai/events/53353-what-the-german-court-decision-against-the-ecb-means-for-the-euro.md) | +0.8% | +4.9% |
| EURUSD | 2017-10-28 | [ECB Decision, Draghi Comments Sink Euro \| Nasdaq](https://feedsoft.ai/events/68671-ecb-decision-draghi-comments-sink-euro-nasdaq.md) | +0.3% | +2.6% |
| EURUSD | 2023-10-31 | [EUR/USD retreats on mixed EU data, ahead of Fed’s decision – Noor Trends](https://feedsoft.ai/events/33846-eur-usd-retreats-on-mixed-eu-data-ahead-of-fed-s-decision-noor-trends.md) | +1.2% | +3.3% |
| DXY | 2026-04-30 | [Pound Sterling flat vs USD as BoE decision and US PCE data loom](https://feedsoft.ai/events/19990-pound-sterling-flat-vs-usd-as-boe-decision-and-us-pce-data-loom.md) | -0.8% | -0.1% |
| DXY | 2017-10-28 | [ECB Decision, Draghi Comments Sink Euro \| Nasdaq](https://feedsoft.ai/events/68671-ecb-decision-draghi-comments-sink-euro-nasdaq.md) | -0.2% | -1.6% |
| DXY | 2024-01-30 | [Dollar gains as FOMC decision looms \| Convera](https://feedsoft.ai/events/32344-dollar-gains-as-fomc-decision-looms-convera.md) | +0.4% | +0.1% |

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L2N3OQ0S3:0-comment-ecb-data-set-the-stage-for-lower-eur-usd-as-tariff-decision-looms/

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