# Lagarde Exit Won't Derail ECB Path, UBS Says, Backing Euro Recovery to 1.16

> UBS says Christine Lagarde's early exit as ECB president, effective February 7, 2027, will not change the central bank's policy path. UBS expects euro-area bond yields to fall into 2027 and the euro to recover toward 1.16 against the dollar.

- Date: 2026-11-01 · published 2026-11-01T18:09:31.266Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/29589-lagarde-exit-won-t-derail-ecb-path-ubs-says-backing-euro-recovery-to-1-16
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer euro against the dollar would make US-priced commodities relatively cheaper for European buyers and weaken dollar demand. The impact on feed prices is modest and mostly through currency flows.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-07-01 | [ECB's Lagarde says euro's rise also reflects economic strength](https://feedsoft.ai/events/23987-ecb-s-lagarde-says-euro-s-rise-also-reflects-economic-strength.md) | -0.5% | -2.0% |
| EURUSD | 2017-08-25 | [Euro climbs after Draghi says global recovery is firming up](https://feedsoft.ai/events/69664-euro-climbs-after-draghi-says-global-recovery-is-firming-up.md) | +0.8% | +1.4% |
| EURUSD | 2020-09-10 | [Euro advances after ECB's Lagarde says exchange rate not being targeted \| Financial Post](https://feedsoft.ai/events/51330-euro-advances-after-ecb-s-lagarde-says-exchange-rate-not-being-targeted.md) | +0.2% | -0.4% |
| EURUSD | 2022-05-23 | [EUR/USD Soars as Lagarde Talks Up Hikes, Says ECB Will Exit Negative Rates in Q3 \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/12692-eur-usd-soars-as-lagarde-talks-up-hikes-says-ecb-will-exit-negative-rates-in-q3.md) | +1.4% | -0.1% |
| EURUSD | 2024-09-12 | [Euro gains after ECB rate cut as Lagarde pushes back on October ease](https://feedsoft.ai/events/28525-euro-gains-after-ecb-rate-cut-as-lagarde-pushes-back-on-october-ease.md) | +0.9% | -0.6% |

## Sources

- finance.biggo.com: https://finance.biggo.com/news/0adf739c-c21b-4460-9119-95f746a7756d

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