# Euro Falls After ECB Hikes Interest Rates | Morningstar

> The ECB raised its three policy rates by 25 basis points, its 10th consecutive increase, and revised its 2023 inflation forecast to 5.6%. The euro fell as much as 0.7% against the dollar, its weakest since May.

- Date: 2023-09-14 · published 2023-09-14T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34316-euro-falls-after-ecb-hikes-interest-rates-morningstar
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The euro's drop after the decision strengthens the dollar, a factor that can weigh on dollar-priced grain and meal values and U.S. export demand.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-10-27 | [Euro falls against the dollar after ECB rate hike, U.S. data](https://feedsoft.ai/events/39360-euro-falls-against-the-dollar-after-ecb-rate-hike-u-s-data.md) | -1.9% | +3.3% |
| EURUSD | 2024-07-18 | [Euro falls after ECB holds rates, dollar climbs after data](https://feedsoft.ai/events/29485-euro-falls-after-ecb-holds-rates-dollar-climbs-after-data.md) | -0.7% | +0.8% |
| EURUSD | 2021-11-16 | [Latest ECB rate-hike pushback turns euro into falling knife \| Reuters](https://feedsoft.ai/events/11948-latest-ecb-rate-hike-pushback-turns-euro-into-falling-knife-reuters.md) | -1.4% | -1.3% |
| EURUSD | 2026-08-26 | [Euro falls despite report signaling ECB rate hike](https://feedsoft.ai/events/18102-euro-falls-despite-report-signaling-ecb-rate-hike.md) | -0.7% | -2.4% |
| EURUSD | 2023-09-14 | [ECB raises interest rates by 0.25%](https://feedsoft.ai/events/34318-ecb-raises-interest-rates-by-0-25.md) | -0.2% | -1.7% |

## Sources

- morningstar.com: https://www.morningstar.com/markets/euro-falls-after-ecb-hikes-interest-rates

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