# EUR/USD - Euro sinks as ECB signals a September pause is possible | MarketPulse by OANDA Group

> The ECB raised rates by 25 basis points on July 27 and gave no commitment to further hikes, which hinted that a September pause is possible. Eurozone yields fell and the euro dropped back below 1.10 against the dollar. The bank said decisions will depend on incoming data.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/35252-eur-usd-euro-sinks-as-ecb-signals-a-september-pause-is-possible-marketpulse-by
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The shift toward a possible pause reduces support for the euro and lifts the dollar, which can make dollar-priced commodities more expensive for euro buyers. The impact on feed prices is minor.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-09-14 | [EUR/USD: ECB Hikes and euro falls as stagflation risks grow; Dollar strength extends after US retail sales data \| MarketPulse by OANDA Group](https://feedsoft.ai/events/34317-eur-usd-ecb-hikes-and-euro-falls-as-stagflation-risks-grow-dollar-strength.md) | -0.2% | -1.7% |
| EURUSD | 2023-10-31 | [EUR/USD - Eurozone inflation eases further than expected, US ECI a minor concern \| MarketPulse by OANDA Group](https://feedsoft.ai/events/33840-eur-usd-eurozone-inflation-eases-further-than-expected-us-eci-a-minor-concern.md) | +1.2% | +3.3% |
| EURUSD | 2026-06-30 | [EUR/USD Edges Lower as German Inflation Cools and ECB Signals Further Tightening Potential - VT Markets](https://feedsoft.ai/events/19030-eur-usd-edges-lower-as-german-inflation-cools-and-ecb-signals-further.md) | -0.0% | -0.2% |
| EURUSD | 2019-07-25 | [Mario Draghi gives market hint of ECB stimulus in September – as it happened](https://feedsoft.ai/events/58311-mario-draghi-gives-market-hint-of-ecb-stimulus-in-september-as-it-happened.md) | -0.1% | -0.4% |
| EURUSD | 2019-02-15 | [Euro falls after ECB official says fresh round of loans possible – The Irish Times](https://feedsoft.ai/events/60822-euro-falls-after-ecb-official-says-fresh-round-of-loans-possible-the-irish-times.md) | +0.5% | +0.5% |
| DXY | 2023-09-14 | [EUR/USD: ECB Hikes and euro falls as stagflation risks grow; Dollar strength extends after US retail sales data \| MarketPulse by OANDA Group](https://feedsoft.ai/events/34317-eur-usd-ecb-hikes-and-euro-falls-as-stagflation-risks-grow-dollar-strength.md) | -0.1% | +1.8% |
| DXY | 2022-09-29 | [Australian dollar remains volatile \| MarketPulse by OANDA Group](https://feedsoft.ai/events/39836-australian-dollar-remains-volatile-marketpulse-by-oanda-group.md) | -1.0% | -1.1% |
| DXY | 2023-06-28 | [Commodities try to shrug off Powell's hawkish message about consecutive hikes \| MarketPulse by OANDA Group](https://feedsoft.ai/events/35418-commodities-try-to-shrug-off-powell-s-hawkish-message-about-consecutive-hikes.md) | +0.4% | -1.0% |

## Sources

- marketpulse.com: https://www.marketpulse.com/news/eurusd-euro-sinks-as-ecb-signals-a-september-pause-is-possible/

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