# Forex: Euro fragile as Fed hike looms, Aussie hike bets retreat | Khaleej Times

> The euro weakened as a cut in Russian gas supplies pushed European energy prices higher, while the Australian dollar slipped after Australian core inflation of 4.9% came in below some investors' fears. Markets priced an 85.7% chance of a 50 basis point RBA hike and a 75 basis point Fed hike.

- Date: 2022-07-27 · published 2022-07-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40743-forex-euro-fragile-as-fed-hike-looms-aussie-hike-bets-retreat-khaleej-times
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Higher European energy costs raise the cost of nitrogen fertilizer and crush operations, while a firmer dollar pressures dollar-denominated grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-11-17 | [FOREX-Rate bets rule currency markets as dollar shines; euro, Aussie sag \| Business](https://feedsoft.ai/events/11955-forex-rate-bets-rule-currency-markets-as-dollar-shines-euro-aussie-sag-business.md) | -0.6% | -0.6% |
| EURUSD | 2026-06-17 | [Euro folds as the Fed trades cuts for hikes](https://feedsoft.ai/events/11521-euro-folds-as-the-fed-trades-cuts-for-hikes.md) | -2.3% | -1.4% |
| EURUSD | 2022-06-09 | [Stocks, euro slip as ECB sets rate hikes, CPI looms \| Reuters](https://feedsoft.ai/events/9634-stocks-euro-slip-as-ecb-sets-rate-hikes-cpi-looms-reuters.md) | -3.3% | -5.2% |
| EURUSD | 2023-08-31 | [ForexLive European FX news wrap: Euro falls as ECB rate hike bets abate](https://feedsoft.ai/events/34810-forexlive-european-fx-news-wrap-euro-falls-as-ecb-rate-hike-bets-abate.md) | -2.0% | -3.2% |
| EURUSD | 2026-07-01 | [Euro Hits August Low as Lagarde’s Rates Talk Diverges From Fed](https://feedsoft.ai/events/19029-euro-hits-august-low-as-lagarde-s-rates-talk-diverges-from-fed.md) | -0.2% | -0.3% |
| NATGAS | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | +15.3% | +43.6% |
| NATGAS | 2024-06-18 | [What’s in store for gas and LNG in Europe?  \| Wood Mackenzie](https://feedsoft.ai/events/29958-what-s-in-store-for-gas-and-lng-in-europe-wood-mackenzie.md) | +1.6% | -24.0% |
| NATGAS | 2026-05-15 | [Asia LNG demand rebound lifts upside risks to Europe gas prices, Goldman Sachs says - The Economic Times](https://feedsoft.ai/events/19440-asia-lng-demand-rebound-lifts-upside-risks-to-europe-gas-prices-goldman-sachs.md) | +8.3% | +8.7% |

## Sources

- khaleejtimes.com: https://www.khaleejtimes.com/business/finance/forex-euro-fragile-as-fed-hike-looms-aussie-hike-bets-retreat

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