# ECB Goes All Out With 600 Billion Euro Increase in Bond Buying - Bloomberg

> The European Central Bank increased its emergency bond-buying programme by 600 billion euros to 1.35 trillion euros and extended purchases to at least the end of June 2021. The move was bigger than analysts expected. The euro reversed earlier losses after the announcement.

- Date: 2020-06-04 · published 2020-06-04T12:00:00.000Z
- Category: macro · region Euro area · magnitude medium
- Page: https://feedsoft.ai/events/52840-ecb-goes-all-out-with-600-billion-euro-increase-in-bond-buying-bloomberg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Larger ECB bond buying weakens the euro against the dollar, which makes dollar-priced grain and oilseed exports from the US and Brazil relatively more expensive for euro buyers.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-09 | [Euro inches higher ahead of ECB decision on bond buying - Markets - Business Recorder](https://feedsoft.ai/events/45271-euro-inches-higher-ahead-of-ecb-decision-on-bond-buying-markets-business.md) | -0.1% | -2.3% |
| EURUSD | 2025-04-14 | [EUR/USD: The Euro Is Emerging as Alternative Safe Haven Along With Bunds - Bloomberg](https://feedsoft.ai/events/7247-eur-usd-the-euro-is-emerging-as-alternative-safe-haven-along-with-bunds.md) | +0.6% | -0.5% |
| EURUSD | 2023-02-22 | [Investors increase bets on ECB lifting rates to all-time high](https://feedsoft.ai/events/37539-investors-increase-bets-on-ecb-lifting-rates-to-all-time-high.md) | -0.5% | +1.1% |
| EURUSD | 2020-03-06 | [Resurgent Euro Puts Pressure on ECB Into Crunch Rate Meeting - Bloomberg](https://feedsoft.ai/events/54326-resurgent-euro-puts-pressure-on-ecb-into-crunch-rate-meeting-bloomberg.md) | -1.1% | -3.0% |
| EURUSD | 2021-03-11 | [EUR and ECB: Dovish for bonds, but not for EUR \| articles \| ING THINK](https://feedsoft.ai/events/48339-eur-and-ecb-dovish-for-bonds-but-not-for-eur-articles-ing-think.md) | +0.0% | -0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-06-04/ecb-extends-pandemic-purchase-program-to-at-least-june-2021

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