# Euro hits fresh nine-month highs on ECB prospects

> The euro rose for a seventh straight session to a nine-month high of about 1.0929 against the dollar, as ECB remarks pointed to 0.5% hikes at the February and March meetings. The dollar index fell to eight-month lows near 101.50 ahead of US fourth-quarter GDP data.

- Date: 2023-01-26 · published 2023-01-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/38000-euro-hits-fresh-nine-month-highs-on-ecb-prospects
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar index generally supports US commodity prices in global markets and can encourage more export demand, though the effect on feed prices is usually modest.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-04 | [Euro hits two-week high on European interest rate prospects](https://feedsoft.ai/events/9329-euro-hits-two-week-high-on-european-interest-rate-prospects.md) | +0.5% | +0.2% |
| DXY | 2025-04-03 | [Yen hits 6-month high on U.S. economic slowdown fears - Nikkei Asia](https://feedsoft.ai/events/25375-yen-hits-6-month-high-on-u-s-economic-slowdown-fears-nikkei-asia.md) | +0.2% | -3.0% |
| DXY | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.1% | +1.4% |
| DXY | 2025-08-29 | [Yuan hits fresh 10-month high on firm PBOC fixing, stock market rally — TradingView News](https://feedsoft.ai/events/23541-yuan-hits-fresh-10-month-high-on-firm-pboc-fixing-stock-market-rally.md) | -0.1% | +0.1% |
| DXY | 2025-03-05 | [Euro hits four-month peak; US dollar languishes on tariff-driven fears](https://feedsoft.ai/events/5799-euro-hits-four-month-peak-us-dollar-languishes-on-tariff-driven-fears.md) | -1.5% | -1.2% |
| EURUSD | 2022-10-04 | [Euro hits two-week high on European interest rate prospects](https://feedsoft.ai/events/9329-euro-hits-two-week-high-on-european-interest-rate-prospects.md) | -0.5% | +0.6% |
| EURUSD | 2022-08-26 | [Euro zone bond yields shoot up to two-months highs on hawkish ECB, Fed \| Reuters](https://feedsoft.ai/events/40250-euro-zone-bond-yields-shoot-up-to-two-months-highs-on-hawkish-ecb-fed-reuters.md) | -0.1% | -2.4% |
| EURUSD | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.2% | -1.6% |

## Sources

- economies.com: https://www.economies.com/forex/eur-usd-news/euro-hits-fresh-nine-month-highs-on-ecb-prospects-42288

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