# Big moves ahead: ECB’s interest rate cut and the future of EUR/USD

> Analysts say the ECB is set for a June rate cut, backed by senior officials including Vice President de Guindos and Villeroy. The article projects a possible downward move in EUR/USD in the second half of 2024 and discusses how European mortgage structures affect the rate decision.

- Date: 2024-05-29 · published 2024-05-29T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/30469-big-moves-ahead-ecb-s-interest-rate-cut-and-the-future-of-eur-usd
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected policy divergence between the ECB and Fed favors a stronger dollar over the second half, which can weigh on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-10-31 | [EUR/USD Faces Pressure as ECB Dovish Tilt Raises Odds of a 2026 Rate Cut \| Investing.com](https://feedsoft.ai/events/22636-eur-usd-faces-pressure-as-ecb-dovish-tilt-raises-odds-of-a-2026-rate-cut.md) | -0.2% | +0.5% |
| EURUSD | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.2% | +2.5% |
| EURUSD | 2024-01-29 | [US dollar forecast: USD at the mercy of the Fed, BoE and NFP ahead \| IG SG](https://feedsoft.ai/events/32289-us-dollar-forecast-usd-at-the-mercy-of-the-fed-boe-and-nfp-ahead-ig-sg.md) | -0.7% | -0.1% |
| EURUSD | 2023-05-28 | [The Dollar Is Still King in Europe, and It’s Swaying Interest Rates - WSJ](https://feedsoft.ai/events/36156-the-dollar-is-still-king-in-europe-and-it-s-swaying-interest-rates-wsj.md) | +0.1% | +2.3% |
| DXY | 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) | +0.3% | -2.0% |
| DXY | 2025-10-31 | [EUR/USD Faces Pressure as ECB Dovish Tilt Raises Odds of a 2026 Rate Cut \| Investing.com](https://feedsoft.ai/events/22636-eur-usd-faces-pressure-as-ecb-dovish-tilt-raises-odds-of-a-2026-rate-cut.md) | +0.3% | -0.2% |
| DXY | 2023-02-27 | [Oil futures slip 1% on worries about more U.S. interest rate hikes \| Reuters](https://feedsoft.ai/events/37486-oil-futures-slip-1-on-worries-about-more-u-s-interest-rate-hikes-reuters.md) | -0.7% | -0.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/big-moves-ahead-ecbs-interest-rate-cut-and-the-future-of-eur-usd-202405291038

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