# ECB asset purchase programme boosts Euro | Coronavirus | The Guardian

> The European Central Bank announced a 750 billion euro asset-purchase programme on Wednesday evening in response to the coronavirus outbreak. The announcement pushed the euro higher against the dollar and the pound. Sterling was reported near its lowest level since at least 1985 against the dollar.

- Date: 2020-03-19 · published 2020-03-19T12:00:00.000Z
- Category: macro · region Euro area · magnitude medium
- Page: https://feedsoft.ai/events/54325-ecb-asset-purchase-programme-boosts-euro-coronavirus-the-guardian
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger euro against the dollar tends to weaken the dollar index, which can support dollar-denominated commodity prices. Buyers should watch for currency-driven swings in import costs as the euro zone responds to the virus shock.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-08-30 | [ECB bets boost euro, US dollar slips from 20 year peak - The Business Times](https://feedsoft.ai/events/40248-ecb-bets-boost-euro-us-dollar-slips-from-20-year-peak-the-business-times.md) | -0.9% | -3.8% |
| EURUSD | 2017-10-26 | [European Central Bank to scale back massive economic stimulus programme from next year \| The Independent \| The Independent](https://feedsoft.ai/events/68673-european-central-bank-to-scale-back-massive-economic-stimulus-programme-from.md) | -1.6% | +1.1% |
| EURUSD | 2020-07-27 | [Euro highest since 2018, dollar hurt by coronavirus spread](https://feedsoft.ai/events/52331-euro-highest-since-2018-dollar-hurt-by-coronavirus-spread.md) | +1.6% | +1.2% |
| EURUSD | 2018-01-26 | [Has The ECB Lost Control Of The Euro Exchange Rate Complex? \| Exchange Rates UK](https://feedsoft.ai/events/67194-has-the-ecb-lost-control-of-the-euro-exchange-rate-complex-exchange-rates-uk.md) | -0.0% | -1.5% |
| EURUSD | 2024-09-12 | [Euro gains after ECB rate cut as Lagarde pushes back on October ease](https://feedsoft.ai/events/28525-euro-gains-after-ecb-rate-cut-as-lagarde-pushes-back-on-october-ease.md) | +0.9% | -0.6% |
| DXY | 2020-07-31 | [Amid bleak US economic scenario, continuous purchases boost baht](https://feedsoft.ai/events/52365-amid-bleak-us-economic-scenario-continuous-purchases-boost-baht.md) | -0.3% | -0.6% |
| DXY | 2022-08-30 | [ECB bets boost euro, US dollar slips from 20 year peak - The Business Times](https://feedsoft.ai/events/40248-ecb-bets-boost-euro-us-dollar-slips-from-20-year-peak-the-business-times.md) | +1.1% | +4.0% |
| DXY | 2017-10-26 | [European Central Bank to scale back massive economic stimulus programme from next year \| The Independent \| The Independent](https://feedsoft.ai/events/68673-european-central-bank-to-scale-back-massive-economic-stimulus-programme-from.md) | +0.4% | -1.2% |

## Sources

- theguardian.com: https://www.theguardian.com/world/2020/mar/19/ecb-asset-purchase-programme-boosts-euro

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