# Resurgent Euro Puts Pressure on ECB Into Crunch Rate Meeting - Bloomberg

> The euro had risen about 5% from its late-February lows ahead of the European Central Bank's rate meeting. Bloomberg reported that the advance was putting pressure on the ECB. The Federal Reserve was described as reacting faster to the global virus growth shock.

- Date: 2020-03-06 · published 2020-03-06T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/54326-resurgent-euro-puts-pressure-on-ecb-into-crunch-rate-meeting-bloomberg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger euro reduces the dollar index, which can support dollar-priced commodities, but expectations of a central bank response can also shift the balance quickly. The story is a currency preview with limited direct effect on feed supply or demand.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-02 | [Record euro zone inflation piles pressure on ECB \| Reuters](https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters.md) | +1.6% | -1.2% |
| EURUSD | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | +1.5% | +1.5% |
| EURUSD | 2021-08-31 | [Euro Looks for Direction on Red-Hot Inflation Ahead of ECB Meeting](https://feedsoft.ai/events/45764-euro-looks-for-direction-on-red-hot-inflation-ahead-of-ecb-meeting.md) | +0.5% | -1.0% |
| EURUSD | 2020-05-26 | [Euro’s Comeback Rests on EU Leaders Agreeing on a Recovery Fund By Bloomberg](https://feedsoft.ai/events/53354-euro-s-comeback-rests-on-eu-leaders-agreeing-on-a-recovery-fund-by-bloomberg.md) | +2.1% | +3.4% |
| EURUSD | 2020-06-04 | [ECB Goes All Out With 600 Billion Euro Increase in Bond Buying - Bloomberg](https://feedsoft.ai/events/52840-ecb-goes-all-out-with-600-billion-euro-increase-in-bond-buying-bloomberg.md) | +1.0% | +0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-03-06/resurgent-euro-puts-pressure-on-ecb-into-crunch-rate-meeting

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