# ECB bets boost euro, US dollar slips from 20 year peak - The Business Times

> The euro climbed past parity against a softer US dollar on Tuesday, helped by lower energy prices and expectations of a large European Central Bank rate hike. Market pricing showed roughly a 50 percent chance of a 75 basis point ECB hike at its next meeting.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40248-ecb-bets-boost-euro-us-dollar-slips-from-20-year-peak-the-business-times
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Easing European gas prices and a firmer euro reduce import costs for European feed buyers and slightly weaken the dollar's pull on US commodity prices.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | +2.0% | +2.9% |
| EURUSD | 2024-11-28 | [Euro jump, rising yen put brakes on the dollar - Markets - Business Recorder](https://feedsoft.ai/events/27641-euro-jump-rising-yen-put-brakes-on-the-dollar-markets-business-recorder.md) | -0.0% | -1.4% |
| EURUSD | 2021-01-22 | [FX traders brush off ECB talk, bet euro-dollar has further to run - Markets - Business Recorder](https://feedsoft.ai/events/49376-fx-traders-brush-off-ecb-talk-bet-euro-dollar-has-further-to-run-markets.md) | -0.2% | -0.1% |
| EURUSD | 2021-01-04 | [Dollar slips in to 2021 as investors ride downtrend \| The Business Standard](https://feedsoft.ai/events/12073-dollar-slips-in-to-2021-as-investors-ride-downtrend-the-business-standard.md) | +0.2% | -1.7% |
| EURUSD | 2021-07-22 | [Euro up slightly after ECB meeting; US jobless claims weigh on dollar - Markets - Business Recorder](https://feedsoft.ai/events/46295-euro-up-slightly-after-ecb-meeting-us-jobless-claims-weigh-on-dollar-markets.md) | +0.1% | -0.8% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2023-08-28 | [US dollar eases versus euro as investors ponder Fed, ECB rate paths  - The Business Times](https://feedsoft.ai/events/34786-us-dollar-eases-versus-euro-as-investors-ponder-fed-ecb-rate-paths-the-business.md) | +0.2% | +1.3% |
| DXY | 2017-12-13 | [Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times](https://feedsoft.ai/events/67390-gold-jumps-1-as-dollar-slips-on-fed-rate-outlook-the-business-times.md) | -0.4% | -1.8% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/ecb-bets-boost-euro-us-dollar-slips-20-year-peak

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