# ECB officials hinting rate cuts What it means for EURUSD

> ECB officials said markets underestimate the odds of rate cuts, pushing the euro lower against the dollar on January 27. EUR/USD held support near 1.2050 as markets began pricing a cut. Traders were also watching the FOMC meeting later that day for the dollar side of the trade.

- Date: 2021-01-27 · published 2021-01-27T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/49382-ecb-officials-hinting-rate-cuts-what-it-means-for-eurusd
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of ECB easing weaken the euro and support the dollar, which can pressure dollar-priced grain and oilseed prices. The effect depends on the Fed's stance and near-term rate expectations.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-03-20 | [EUR/USD weakens as Fed sees no rush for interest rate cuts](https://feedsoft.ai/events/25794-eur-usd-weakens-as-fed-sees-no-rush-for-interest-rate-cuts.md) | -0.9% | +4.6% |
| EURUSD | 2025-04-17 | [Markets see door wide open for more ECB rate cuts on tariff hit](https://feedsoft.ai/events/25335-markets-see-door-wide-open-for-more-ecb-rate-cuts-on-tariff-hit.md) | -0.3% | -1.5% |
| EURUSD | 2024-05-21 | [FOREX Dollar firm as Fed officials urge patience on rate cuts](https://feedsoft.ai/events/30472-forex-dollar-firm-as-fed-officials-urge-patience-on-rate-cuts.md) | +0.2% | -1.1% |
| EURUSD | 2020-05-12 | [What the German court decision against the ECB means for the euro](https://feedsoft.ai/events/53353-what-the-german-court-decision-against-the-ecb-means-for-the-euro.md) | +0.8% | +4.9% |
| EURUSD | 2024-05-29 | [Big moves ahead: ECB’s interest rate cut and the future of EUR/USD](https://feedsoft.ai/events/30469-big-moves-ahead-ecb-s-interest-rate-cut-and-the-future-of-eur-usd.md) | -0.0% | -1.8% |
| DXY | 2025-03-20 | [EUR/USD weakens as Fed sees no rush for interest rate cuts](https://feedsoft.ai/events/25794-eur-usd-weakens-as-fed-sees-no-rush-for-interest-rate-cuts.md) | +0.3% | -2.0% |
| DXY | 2024-05-21 | [FOREX Dollar firm as Fed officials urge patience on rate cuts](https://feedsoft.ai/events/30472-forex-dollar-firm-as-fed-officials-urge-patience-on-rate-cuts.md) | +0.2% | +2.3% |
| DXY | 2017-06-16 | [US Fed indicates more rate hikes this year; what this means for Indian rupee](https://feedsoft.ai/events/70794-us-fed-indicates-more-rate-hikes-this-year-what-this-means-for-indian-rupee.md) | +0.3% | -1.7% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/ecb-officials-hinting-rate-cuts-what-it-means-for-eurusd/

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