# EUR/USD up on the day after conclusion of ECB policy meeting

> The ECB kept its deposit rate at 4.0% and cut its growth and inflation forecasts, with inflation seen averaging 2.3% in 2024. FXStreet reports EUR/USD rebounded after President Lagarde did not rule out a June cut.

- Date: 2024-03-07 · published 2024-03-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31422-eur-usd-up-on-the-day-after-conclusion-of-ecb-policy-meeting
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of earlier euro-zone easing shape the euro-dollar rate, which affects the cost of dollar-denominated feed imports for European buyers.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-11-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/56279-account-of-the-monetary-policy-meeting.md) | -0.6% | +0.6% |
| EURUSD | 2017-02-16 | [Account of the monetary policy meeting](https://feedsoft.ai/events/72688-account-of-the-monetary-policy-meeting.md) | -0.1% | +1.3% |
| EURUSD | 2017-08-17 | [Account of the monetary policy meeting](https://feedsoft.ai/events/69662-account-of-the-monetary-policy-meeting.md) | +0.8% | +1.6% |
| EURUSD | 2025-07-24 | [TEXT-Statement from the ECB following policy meeting \| MarketScreener](https://feedsoft.ai/events/23986-text-statement-from-the-ecb-following-policy-meeting-marketscreener.md) | -2.4% | -0.8% |
| EURUSD | 2023-02-16 | [Monetary policy after the energy shock](https://feedsoft.ai/events/37537-monetary-policy-after-the-energy-shock.md) | -0.9% | -0.6% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-trades-just-below-10900-ahead-of-ecb-policy-announcement-202403071000

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