# ECB seals euro's fate; parity back in play?

> An analysis piece argues that hedge funds remain heavily long the euro and that rate differentials and a weak euro zone outlook will push the currency lower. It notes the euro is about 6% above dollar parity.

- Date: 2023-09-14 · published 2023-09-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34314-ecb-seals-euro-s-fate-parity-back-in-play
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker euro strengthens the dollar, which can pressure dollar-denominated feed commodity prices and shift export competitiveness between the U.S. and Europe.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-11-06 | [Euro (EUR/USD) Parity Back in Play as Trump Win Spurs Rates Divergence - Bloomberg](https://feedsoft.ai/events/5807-euro-eur-usd-parity-back-in-play-as-trump-win-spurs-rates-divergence-bloomberg.md) | -3.2% | -3.2% |
| EURUSD | 2016-12-22 | [Euro-Dollar Parity: It’s All About the Greenback](https://feedsoft.ai/events/73662-euro-dollar-parity-it-s-all-about-the-greenback.md) | +0.6% | +3.1% |
| EURUSD | 2022-08-23 | [Euro falls below parity with the dollar. What's the impact? \| AP News](https://feedsoft.ai/events/40249-euro-falls-below-parity-with-the-dollar-what-s-the-impact-ap-news.md) | +0.6% | +0.6% |
| EURUSD | 2022-07-19 | [Euro-dollar parity: beyond symbolism](https://feedsoft.ai/events/40715-euro-dollar-parity-beyond-symbolism.md) | +0.5% | +0.3% |
| EURUSD | 2022-06-14 | [EUR/USD Euro Set to Hit Parity With Dollar in a Month, Wells Fargo Says - Bloomberg](https://feedsoft.ai/events/9636-eur-usd-euro-set-to-hit-parity-with-dollar-in-a-month-wells-fargo-says-bloomberg.md) | +1.1% | -3.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/ecb-seals-euros-fate-parity-back-play-mcgeever-2023-09-14/

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