# Euro Falters After Eclipsing Key Level as ECB’s Lane Weighs In - Bloomberg

> The euro broke above $1.20 for the first time in over two years, then reversed to $1.1907 after ECB member Philip Lane said the exchange rate matters for monetary policy. Options-related selling near the highs and a dollar rebound helped drive the pullback.

- Date: 2020-09-01 · published 2020-09-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51336-euro-falters-after-eclipsing-key-level-as-ecb-s-lane-weighs-in-bloomberg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

ECB comments limiting euro gains suggest the euro may stay near current levels, leaving dollar-based feed trade prices without a clear currency-driven trend.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-11-14 | [ECB Bond-Buying Weakened Euro 12% Against Dollar, Study Finds - Bloomberg](https://feedsoft.ai/events/62237-ecb-bond-buying-weakened-euro-12-against-dollar-study-finds-bloomberg.md) | +0.9% | +0.6% |
| 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% |
| EURUSD | 2024-08-29 | [Dollar eases after hitting highest in two weeks, US job data looms \| Reuters](https://feedsoft.ai/events/29010-dollar-eases-after-hitting-highest-in-two-weeks-us-job-data-looms-reuters.md) | -0.3% | +0.5% |
| 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 | 2025-07-01 | [ECB policymakers set pain threshold for euro rise in weak economy \| Reuters](https://feedsoft.ai/events/23984-ecb-policymakers-set-pain-threshold-for-euro-rise-in-weak-economy-reuters.md) | -0.5% | -2.0% |
| 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 | 2024-08-29 | [Dollar eases after hitting highest in two weeks, US job data looms \| Reuters](https://feedsoft.ai/events/29010-dollar-eases-after-hitting-highest-in-two-weeks-us-job-data-looms-reuters.md) | +0.5% | -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% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-09-01/euro-rises-above-key-1-20-level-for-first-time-since-may-2018

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