# No cause yet for ECB alarm over euro strength

> Analysis argues that euro strength reflects more than the vanishing interest-rate gap with the US, including improved sentiment after Europe's 750 billion-euro COVID recovery fund. It suggests the ECB has no immediate cause for alarm over the currency's rise. The euro was trading near $1.18 at the time.

- Date: 2020-09-05 · published 2020-09-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51331-no-cause-yet-for-ecb-alarm-over-euro-strength
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency strength rooted in fundamentals is less likely to be reversed by policy, so a firmer euro may persist and continue to shift relative import costs for euro-zone feed buyers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-06-06 | [Forex Market: Euro strengthens after ECB dashes dovish hopes](https://feedsoft.ai/events/58806-forex-market-euro-strengthens-after-ecb-dashes-dovish-hopes.md) | +0.6% | +0.3% |
| EURUSD | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | -0.4% | -1.5% |
| EURUSD | 2025-07-01 | [ECB's Lagarde says euro's rise also reflects economic strength](https://feedsoft.ai/events/23987-ecb-s-lagarde-says-euro-s-rise-also-reflects-economic-strength.md) | -0.5% | -2.0% |
| EURUSD | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | -0.1% | -2.6% |
| EURUSD | 2025-11-19 | [Currencies: Yield Differentials Strengthen the Euro](https://feedsoft.ai/events/22161-currencies-yield-differentials-strengthen-the-euro.md) | -0.2% | +1.5% |
| DXY | 2019-06-06 | [Forex Market: Euro strengthens after ECB dashes dovish hopes](https://feedsoft.ai/events/58806-forex-market-euro-strengthens-after-ecb-dashes-dovish-hopes.md) | -0.5% | -1.0% |
| DXY | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | +0.2% | +1.6% |
| DXY | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | +0.6% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/article/world/asia-pacific/no-cause-yet-for-ecb-alarm-over-euro-strength-idUSKBN25W0AK/

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