# Euro Nears Year’s High on Bet Fed Will Cut Rates Faster Than ECB

> The euro rose as much as 0.3% to $1.1029, its strongest level since January 2, as markets expected the Federal Reserve to cut rates more than the ECB. The article is dated August 14, 2024, and describes market moves ahead of US inflation data.

- Date: 2024-08-14 · published 2024-08-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29016-euro-nears-year-s-high-on-bet-fed-will-cut-rates-faster-than-ecb
- 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 faster Fed easing weaken the dollar and can support dollar-priced commodities, but the effect is small for feed markets.

## 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 | 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 | 2026-05-29 | [Euro-Dollar: Why Markets Think The ECB Will Hike Before The Fed](https://feedsoft.ai/events/19473-euro-dollar-why-markets-think-the-ecb-will-hike-before-the-fed.md) | -0.2% | -2.1% |
| EURUSD | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | +1.5% | +1.5% |
| EURUSD | 2023-06-15 | [ECB in no mood to pause after lifting rates to 22-year high](https://feedsoft.ai/events/35699-ecb-in-no-mood-to-pause-after-lifting-rates-to-22-year-high.md) | +0.9% | +3.5% |
| DXY | 2025-09-17 | [Ringgit ends near one-year high vs US$ on Fed cut hopes \| The Star](https://feedsoft.ai/events/23162-ringgit-ends-near-one-year-high-vs-us-on-fed-cut-hopes-the-star.md) | +0.4% | +1.5% |
| 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 | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-08-14/euro-approaches-year-s-high-as-fed-can-outpace-ecb-on-rate-cuts

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