# Euro Retreats after ECB Blows Hot and Cold On Currency Strength and 'No Deal' Brexit Risk Builds

> The euro retreated from early September highs after ECB commentary on currency strength appeared inconsistent. Sterling weakened amid rising no-deal Brexit risk, which pushed the euro higher against the pound. EUR/USD traded around 1.1855.

- Date: 2020-09-11 · published 2020-09-11T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51337-euro-retreats-after-ecb-blows-hot-and-cold-on-currency-strength-and-no-deal
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

ECB concern about euro appreciation and Brexit risk add uncertainty to currency markets, which can shift the relative cost of dollar-denominated feed imports for European buyers.

## Read by commodity

- DXY: neutral
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-09-14 | [EUR/USD: ECB Hikes and euro falls as stagflation risks grow; Dollar strength extends after US retail sales data \| MarketPulse by OANDA Group](https://feedsoft.ai/events/34317-eur-usd-ecb-hikes-and-euro-falls-as-stagflation-risks-grow-dollar-strength.md) | -0.2% | -1.7% |
| EURUSD | 2017-08-31 | [Euro Hammered as ECB's Concerned with Currency Strength, Dollar Outshone by Canadian Dollar - ActionForex](https://feedsoft.ai/events/69666-euro-hammered-as-ecb-s-concerned-with-currency-strength-dollar-outshone-by.md) | +0.8% | -1.3% |
| EURUSD | 2021-01-28 | [ECB in ‘Currency War’ Over Euro, Commerzbank Strategist Says - Bloomberg](https://feedsoft.ai/events/49375-ecb-in-currency-war-over-euro-commerzbank-strategist-says-bloomberg.md) | -0.6% | +1.1% |
| EURUSD | 2025-07-31 | [EU-U.S. trade deal dented euro strength. Strategists say it may not last](https://feedsoft.ai/events/23979-eu-u-s-trade-deal-dented-euro-strength-strategists-say-it-may-not-last.md) | +1.5% | +1.2% |
| EURUSD | 2018-09-28 | [Euro Retreats after Inflation Disappointment, Italian Budget Dilemma Cast Doubt over ECB Policy Outlook](https://feedsoft.ai/events/63249-euro-retreats-after-inflation-disappointment-italian-budget-dilemma-cast-doubt.md) | -1.4% | -2.4% |
| DXY | 2019-01-09 | [Bank of England will be 'prudent not passive' after Brexit - Carney](https://feedsoft.ai/events/61328-bank-of-england-will-be-prudent-not-passive-after-brexit-carney.md) | -0.5% | -0.3% |
| DXY | 2024-12-19 | [Bank of England delivers 'dovish hold' as growth stalls, trade risks rise \| Euronews](https://feedsoft.ai/events/27201-bank-of-england-delivers-dovish-hold-as-growth-stalls-trade-risks-rise-euronews.md) | +0.5% | +1.4% |
| DXY | 2025-05-30 | [Could the euro topple the U.S. dollar as the world's reserve currency?](https://feedsoft.ai/events/24904-could-the-euro-topple-the-u-s-dollar-as-the-world-s-reserve-currency.md) | -0.5% | -1.6% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/14111-euro-dollar-retreats-after-ecb-blows-hot-and-cold-on-currency-strength-and-brexit-risk-builds

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