# EUR USD: Euro Trading Is All About the Energy Crisis, Not ECB Rate Hikes - Bloomberg

> Euro trading has been driven by the energy crisis linked to the war in Ukraine rather than by ECB rate decisions. The euro sold off after the September ECB decision, showing how little monetary policy has mattered to currency traders.

- Date: 2022-09-09 · published 2022-09-09T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/39799-eur-usd-euro-trading-is-all-about-the-energy-crisis-not-ecb-rate-hikes-bloomberg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Euro weakness tied to energy costs raises the price of imports into Europe and signals weaker European demand for feed and food inputs. Policy rate changes are currently a weak driver of the currency.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-06-09 | [Euro Traders Signal Skepticism Over ECB’s Rate-Hike Plans - Bloomberg](https://feedsoft.ai/events/9633-euro-traders-signal-skepticism-over-ecb-s-rate-hike-plans-bloomberg.md) | -3.3% | -5.2% |
| EURUSD | 2024-11-12 | [(EUR/USD) Euro Parity With Dollar Is the Big New Call by Currency Analysts - Bloomberg](https://feedsoft.ai/events/7557-eur-usd-euro-parity-with-dollar-is-the-big-new-call-by-currency-analysts.md) | -1.2% | -1.8% |
| EURUSD | 2023-04-28 | [Euro Bears Warn Market Is Ignoring Risk of Another Energy Crisis](https://feedsoft.ai/events/36621-euro-bears-warn-market-is-ignoring-risk-of-another-energy-crisis.md) | -0.1% | -2.7% |
| 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 | 2024-04-17 | [A falling euro is not the ECB’s biggest headache \| articles \| ING THINK](https://feedsoft.ai/events/30944-a-falling-euro-is-not-the-ecb-s-biggest-headache-articles-ing-think.md) | +0.6% | +1.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-09/euro-trading-is-all-about-the-energy-crisis-not-ecb-rate-hikes

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