# Euro jumps as ECB increases stimulus - Business & Finance - Business Recorder

> The euro jumped to a 12-week high against the dollar after the ECB increased its emergency purchase programme to 1.35 trillion euros, more than analysts expected. The euro gained for eight straight sessions and the dollar index fell 0.67%. Wall Street traded lower ahead of the US jobs report.

- Date: 2020-06-04 · published 2020-06-04T12:00:00.000Z
- Category: macro · region Euro area · magnitude medium
- Page: https://feedsoft.ai/events/52843-euro-jumps-as-ecb-increases-stimulus-business-and-finance-business-recorder
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer euro and softer dollar tend to support dollar-priced commodities and make US exports more competitive in euro terms.

## Read by commodity

- DXY: bearish ▼
- 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 | 2024-11-28 | [Euro jump, rising yen put brakes on the dollar - Markets - Business Recorder](https://feedsoft.ai/events/27641-euro-jump-rising-yen-put-brakes-on-the-dollar-markets-business-recorder.md) | -0.0% | -1.4% |
| EURUSD | 2022-02-04 | [Euro climbs after ECB's 'ground-breaking' hawkish turn - Markets - Business Recorder](https://feedsoft.ai/events/9874-euro-climbs-after-ecb-s-ground-breaking-hawkish-turn-markets-business-recorder.md) | +0.5% | -4.5% |
| EURUSD | 2021-07-22 | [Euro up slightly after ECB meeting; US jobless claims weigh on dollar - Markets - Business Recorder](https://feedsoft.ai/events/46295-euro-up-slightly-after-ecb-meeting-us-jobless-claims-weigh-on-dollar-markets.md) | +0.1% | -0.8% |
| EURUSD | 2021-01-22 | [FX traders brush off ECB talk, bet euro-dollar has further to run - Markets - Business Recorder](https://feedsoft.ai/events/49376-fx-traders-brush-off-ecb-talk-bet-euro-dollar-has-further-to-run-markets.md) | -0.2% | -0.1% |
| DXY | 2021-04-30 | [Dollar steadies in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/47821-dollar-steadies-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| DXY | 2024-03-01 | [Asian currencies tepid after soft US inflation - Business & Finance - Business Recorder](https://feedsoft.ai/events/31485-asian-currencies-tepid-after-soft-us-inflation-business-and-finance-business.md) | -0.8% | -0.1% |
| DXY | 2021-08-27 | [Pound hits over 1-week high - Business & Finance - Business Recorder](https://feedsoft.ai/events/45804-pound-hits-over-1-week-high-business-and-finance-business-recorder.md) | -0.9% | -0.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/1001607

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