◂ Event Timeline

Apr 29, 2020MACROEurope

ECB Preview: Euro-Dollar Recovers From Multi-Week Exchange Rate Lows Ahead Of Lagarde's Next Coronavirus Response

Exchange Rates UK previews the ECB's policy meeting, noting the euro recovered from four-week lows below 1.0750 but gains were limited. The article cites Fitch's downgrade of Italy to BBB- and focus on Italian bond spreads ahead of Lagarde's press conference.

WHY IT MATTERS

Italian sovereign stress and euro weakness can strengthen the dollar and weigh on dollar-priced commodities. The effect on feed prices is indirect and limited.

AFFECTSEuro (USD per EUR)◆

SOURCE
exchangerates.org.ukTim ClaytonApr 29, 2020

Price reaction & history

Euro (USD per EUR)◆neutralSO FAR1d +0.2%5d +0.1%20d +1.2%

After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% over 20.

Apr 30, 2020Pound-Dollar Protected By Dovish FED, Focus For Sterling-Euro Rate Outlook On ECB And UK Lockdown | Exchange Rates UK-0.4%
Sep 9, 2021Dollar little changed, euro steady ahead of ECB decision-0.1%
Jul 18, 2024ECB leaves rates unchanged, markets look to ECB's Lagarde for clues-0.7%
Feb 4, 2026ECB keeps rates unchanged, signal comfort with dollar weakness | Reuters+0.7%
Aug 29, 2022Dollar eases off of 20-year high as euro boosted by rates view | Reuters+0.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Euro (USD per EUR) EURUSD · GP ▸

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