# EUR/USD rebounds strongly as ECB cuts key rates as expected, focus shifts to US NFP

> The ECB cut its key rates by 25 basis points on June 6, lowering the deposit facility rate to 3.75%, in line with expectations. Its projections put euro-area core inflation at 2.8% in 2024, 2.2% in 2025 and 2.0% in 2026.

- Date: 2024-06-06 · published 2024-06-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29983-eur-usd-rebounds-strongly-as-ecb-cuts-key-rates-as-expected-focus-shifts-to-us
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Euro rate cuts widen the rate gap with the US and tend to weaken the euro, which can lift dollar-based commodity prices for euro buyers less than for US-based exporters.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-03-28 | [The US Dollar Holds Strong as Interest Rate Cuts Are Expected to Be More Gradual in the United States - Desjardins](https://feedsoft.ai/events/31438-the-us-dollar-holds-strong-as-interest-rate-cuts-are-expected-to-be-more.md) | +0.1% | -1.2% |
| EURUSD | 2025-03-20 | [EUR/USD weakens as Fed sees no rush for interest rate cuts](https://feedsoft.ai/events/25794-eur-usd-weakens-as-fed-sees-no-rush-for-interest-rate-cuts.md) | -0.9% | +4.6% |
| EURUSD | 2025-02-27 | [ECB to cut rates again on March 6 as focus turns to growth](https://feedsoft.ai/events/26270-ecb-to-cut-rates-again-on-march-6-as-focus-turns-to-growth.md) | +2.4% | +2.5% |
| EURUSD | 2021-05-27 | [EUR/USD: Recent shifts in ECB and Fed rhetoric are bearish for the euro - MUFG - Forex Crunch](https://feedsoft.ai/events/47298-eur-usd-recent-shifts-in-ecb-and-fed-rhetoric-are-bearish-for-the-euro-mufg.md) | -0.7% | -2.3% |
| EURUSD | 2024-05-29 | [Big moves ahead: ECB’s interest rate cut and the future of EUR/USD](https://feedsoft.ai/events/30469-big-moves-ahead-ecb-s-interest-rate-cut-and-the-future-of-eur-usd.md) | -0.0% | -1.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-remains-firm-ahead-of-ecbs-policy-meeting-and-us-nfp-report-202406060817

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