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

> 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.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/53855-ecb-preview-euro-dollar-recovers-from-multi-week-exchange-rate-lows-ahead-of
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## 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.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-04-30 | [Pound-Dollar Protected By Dovish FED, Focus For Sterling-Euro Rate Outlook On ECB And UK Lockdown \| Exchange Rates UK](https://feedsoft.ai/events/53871-pound-dollar-protected-by-dovish-fed-focus-for-sterling-euro-rate-outlook-on.md) | -0.4% | +2.0% |
| EURUSD | 2021-09-09 | [Dollar little changed, euro steady ahead of ECB decision](https://feedsoft.ai/events/45266-dollar-little-changed-euro-steady-ahead-of-ecb-decision.md) | -0.1% | -2.3% |
| EURUSD | 2024-07-18 | [ECB leaves rates unchanged, markets look to ECB's Lagarde for clues](https://feedsoft.ai/events/29482-ecb-leaves-rates-unchanged-markets-look-to-ecb-s-lagarde-for-clues.md) | -0.7% | +0.8% |
| EURUSD | 2026-02-04 | [ECB keeps rates unchanged, signal comfort with dollar weakness \| Reuters](https://feedsoft.ai/events/20803-ecb-keeps-rates-unchanged-signal-comfort-with-dollar-weakness-reuters.md) | +0.7% | -1.5% |
| EURUSD | 2022-08-29 | [Dollar eases off of 20-year high as euro boosted by rates view \| Reuters](https://feedsoft.ai/events/40214-dollar-eases-off-of-20-year-high-as-euro-boosted-by-rates-view-reuters.md) | +0.3% | -3.8% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/29367/2020-04-29-ecb-preview-euro-to-dollar-exchange-rate-recovers-multi-week-lows-ahead-lagardes-next-coronavirus-response.html

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