# EUR/USD volatility jumps to one-year high, 10bps June ECB rate cut priced in — Octa

> Euro-dollar one-month implied volatility rose to a one-year high of about 6.6% as the coronavirus outbreak drove large moves across currency markets. Money markets fully priced a 10 basis point ECB cut by June and a 25 basis point Fed cut in March.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/54801-eur-usd-volatility-jumps-to-one-year-high-10bps-june-ecb-rate-cut-priced-in-octa
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Heightened currency volatility and expected rate cuts point to a softer dollar over time, which can support dollar-priced commodities. The effect on feed prices is indirect and likely modest.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | -0.7% | +2.3% |
| EURUSD | 2021-01-28 | [ECB despot rate cut isn't the way to counter Euro strength – IIF — Octa](https://feedsoft.ai/events/49381-ecb-despot-rate-cut-isn-t-the-way-to-counter-euro-strength-iif-octa.md) | -0.6% | +1.1% |
| EURUSD | 2024-09-12 | [VIEW ECB delivers second rate cut of the year](https://feedsoft.ai/events/28528-view-ecb-delivers-second-rate-cut-of-the-year.md) | +0.9% | -0.6% |
| EURUSD | 2017-12-01 | [EUR/USD holding on to the 1.17-1.20 range – Danske Bank — Octa](https://feedsoft.ai/events/67685-eur-usd-holding-on-to-the-1-17-1-20-range-danske-bank-octa.md) | -0.9% | +1.0% |
| EURUSD | 2020-03-19 | [ECB to print 1 trillion euro this year to stem coronavirus rout](https://feedsoft.ai/events/54324-ecb-to-print-1-trillion-euro-this-year-to-stem-coronavirus-rout.md) | +0.0% | +0.7% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/800442/

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