# End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro | The National

> Analysts said the European Central Bank is shifting from its long-held dovish stance, with President Christine Lagarde leaving room for a more two-way outlook. One strategist projected the euro could climb to $1.20 by year-end, compared with a median Bloomberg forecast of $1.16 for the fourth quarter and a spot price near $1.13.

- Date: 2022-02-19 · published 2022-02-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42902-end-of-european-central-bank-s-reign-as-dovish-bastion-likely-to-spark-rebound
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer euro against the dollar tends to weaken dollar-denominated commodity prices and modestly lowers import costs for European feed buyers. The impact on feed markets is limited.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-04-30 | [European Central Bank keeps rates on hold as inflation jumps](https://feedsoft.ai/events/19941-european-central-bank-keeps-rates-on-hold-as-inflation-jumps.md) | +0.5% | -0.4% |
| EURUSD | 2024-03-06 | [Euro is back on the scene for global central banks](https://feedsoft.ai/events/31421-euro-is-back-on-the-scene-for-global-central-banks.md) | +0.5% | -0.8% |
| EURUSD | 2020-05-31 | [The euro rallies as the European Union addresses fiscal flaws \| The National](https://feedsoft.ai/events/53352-the-euro-rallies-as-the-european-union-addresses-fiscal-flaws-the-national.md) | +1.7% | +1.0% |
| EURUSD | 2020-02-28 | [EUR/USD: Central banks to favor the euro - Forex Crunch](https://feedsoft.ai/events/54804-eur-usd-central-banks-to-favor-the-euro-forex-crunch.md) | +2.0% | +0.4% |
| EURUSD | 2019-09-13 | [Euro surges as ECB rate cut seems to mark last stimulus move \| The National](https://feedsoft.ai/events/57278-euro-surges-as-ecb-rate-cut-seems-to-mark-last-stimulus-move-the-national.md) | -0.3% | -0.5% |
| DXY | 2020-03-19 | [Fed opens dollar swap lines for 9 additional foreign central banks](https://feedsoft.ai/events/54305-fed-opens-dollar-swap-lines-for-9-additional-foreign-central-banks.md) | +0.5% | -0.9% |
| DXY | 2024-03-06 | [Euro is back on the scene for global central banks](https://feedsoft.ai/events/31421-euro-is-back-on-the-scene-for-global-central-banks.md) | -0.6% | +0.3% |
| DXY | 2020-05-31 | [The euro rallies as the European Union addresses fiscal flaws \| The National](https://feedsoft.ai/events/53352-the-euro-rallies-as-the-european-union-addresses-fiscal-flaws-the-national.md) | -1.8% | -0.3% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/economy/2022/02/19/end-of-european-central-banks-reign-as-dovish-bastion-likely-to-spark-rebound-for-euro/

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