# Dollar, euro trade sideways after ECB pushback

> The dollar and euro traded sideways after a more hawkish tone from the ECB and Federal Reserve the prior week sent euro zone and US yields soaring. Markets priced in faster and higher rate increases than previously expected.

- Date: 2022-02-08 · published 2022-02-08T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42878-dollar-euro-trade-sideways-after-ecb-pushback
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Higher yield expectations support the dollar and weigh on the euro, which shifts the relative cost of imported feed ingredients and commodities priced in dollars.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-30 | [Dollar hands back some gains after Fed meeting; euro looks to ECB By Investing.com](https://feedsoft.ai/events/22616-dollar-hands-back-some-gains-after-fed-meeting-euro-looks-to-ecb-by-investing.md) | +1.1% | +0.4% |
| DXY | 2024-02-16 | [Dollar steady after producer prices push back on Fed rate cut outlook](https://feedsoft.ai/events/31574-dollar-steady-after-producer-prices-push-back-on-fed-rate-cut-outlook.md) | -0.1% | -0.7% |
| DXY | 2021-04-22 | [Euro and U.S. dollar waffle as markets weigh ECB policy talk](https://feedsoft.ai/events/47818-euro-and-u-s-dollar-waffle-as-markets-weigh-ecb-policy-talk.md) | -0.3% | -1.2% |
| DXY | 2025-03-31 | [Pound steadies against dollar as US trade tariffs loom](https://feedsoft.ai/events/25831-pound-steadies-against-dollar-as-us-trade-tariffs-loom.md) | -0.5% | -2.8% |
| DXY | 2024-05-31 | [BUZZ-Dollar tests pivotal props after PCE data adds to modest downside misses](https://feedsoft.ai/events/30425-buzz-dollar-tests-pivotal-props-after-pce-data-adds-to-modest-downside-misses.md) | +0.3% | +1.8% |
| EURUSD | 2021-04-22 | [Euro and U.S. dollar waffle as markets weigh ECB policy talk](https://feedsoft.ai/events/47818-euro-and-u-s-dollar-waffle-as-markets-weigh-ecb-policy-talk.md) | +0.5% | +1.5% |
| EURUSD | 2021-09-09 | [Dollar little changed, euro steady ahead of ECB decision](https://feedsoft.ai/events/45266-dollar-little-changed-euro-steady-ahead-of-ecb-decision.md) | -0.1% | -2.3% |
| EURUSD | 2017-09-01 | [Euro slips after six months of gains as ECB eyed \| The National](https://feedsoft.ai/events/69163-euro-slips-after-six-months-of-gains-as-ecb-eyed-the-national.md) | +1.2% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/business/euro-bounce-pauses-ahead-us-inflation-2022-02-08/

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