# Euro rally puts $1.10 in sight with ECB now last hawk standing - Moneyweb

> Christine Lagarde reaffirmed that bringing euro-area inflation back to target is non-negotiable after the ECB raised rates by 50 basis points. Analysts at Citigroup, SocGen and Deutsche Bank see the euro reaching $1.10 as the ECB remains more hawkish than the Fed.

- Date: 2023-03-26 · published 2023-03-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37077-euro-rally-puts-1-10-in-sight-with-ecb-now-last-hawk-standing-moneyweb
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger euro on widening rate divergence weakens the dollar, which can support dollar-priced commodity demand from euro-linked buyers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-10-01 | [Euro Heads for Highest in Four Years With $1.20 Level in Sight](https://feedsoft.ai/events/23100-euro-heads-for-highest-in-four-years-with-1-20-level-in-sight.md) | -0.5% | -0.6% |
| EURUSD | 2021-09-02 | [Inflation shock and ECB hawks keep euro near 1-month high \| Reuters](https://feedsoft.ai/events/45264-inflation-shock-and-ecb-hawks-keep-euro-near-1-month-high-reuters.md) | -0.2% | -2.3% |
| EURUSD | 2019-05-19 | [Euro Climbs Higher as ECB pushes back Interest Rate deadline; - BBC Money](https://feedsoft.ai/events/59291-euro-climbs-higher-as-ecb-pushes-back-interest-rate-deadline-bbc-money.md) | +0.3% | +0.6% |
| EURUSD | 2020-08-27 | [Euro-Dollar Can Pass 1.20 withouth Drawing ECB Ire says Goldmans](https://feedsoft.ai/events/51825-euro-dollar-can-pass-1-20-withouth-drawing-ecb-ire-says-goldmans.md) | +0.2% | -1.2% |
| EURUSD | 2025-06-27 | [Dollar hovers near 3-1/2-year low with market focus on US rate cuts, euro area inflation](https://feedsoft.ai/events/24439-dollar-hovers-near-3-1-2-year-low-with-market-focus-on-us-rate-cuts-euro-area.md) | +0.3% | +0.1% |
| DXY | 2025-10-01 | [Euro Heads for Highest in Four Years With $1.20 Level in Sight](https://feedsoft.ai/events/23100-euro-heads-for-highest-in-four-years-with-1-20-level-in-sight.md) | +0.3% | +0.3% |
| DXY | 2021-09-02 | [Inflation shock and ECB hawks keep euro near 1-month high \| Reuters](https://feedsoft.ai/events/45264-inflation-shock-and-ecb-hawks-keep-euro-near-1-month-high-reuters.md) | +0.2% | +1.6% |
| DXY | 2019-05-19 | [Euro Climbs Higher as ECB pushes back Interest Rate deadline; - BBC Money](https://feedsoft.ai/events/59291-euro-climbs-higher-as-ecb-pushes-back-interest-rate-deadline-bbc-money.md) | -0.3% | -0.4% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/euro-rally-puts-1-10-in-sight-with-ecb-now-last-hawk-standing/

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