# Euro buoyed before ECB meeting as Fed forecast knocks dollar | Financial Post

> The euro reached five-week highs ahead of the ECB's 12 December meeting after the Federal Reserve forecast it would hold rates through 2020. The dollar index fell 0.3% to a four-month low. Traders also watched a US tariff deadline on China.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/55785-euro-buoyed-before-ecb-meeting-as-fed-forecast-knocks-dollar-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar after the Fed's dovish signal tends to support dollar-priced commodities. The move is driven by monetary policy rather than supply, so its effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | +0.6% | +2.5% |
| DXY | 2022-11-08 | [Dollar slips as German bund yields strengthen euro \| Financial Post](https://feedsoft.ai/events/8201-dollar-slips-as-german-bund-yields-strengthen-euro-financial-post.md) | -2.6% | -2.8% |
| DXY | 2025-08-29 | [Dollar Slips as PCE Data Meets Forecasts, Fed Cut Bets Build](https://feedsoft.ai/events/23512-dollar-slips-as-pce-data-meets-forecasts-fed-cut-bets-build.md) | -0.1% | +0.1% |
| DXY | 2023-02-02 | [Copper prices rise as Fed messaging weakens the dollar \| Financial Post](https://feedsoft.ai/events/37237-copper-prices-rise-as-fed-messaging-weakens-the-dollar-financial-post.md) | +1.3% | +2.1% |
| DXY | 2023-12-14 | [US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB](https://feedsoft.ai/events/8303-us-dollar-forecast-eur-usd-rally-persists-following-fed-and-ecb.md) | -1.3% | -1.3% |
| EURUSD | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | -0.1% | -2.6% |
| EURUSD | 2023-12-14 | [US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB](https://feedsoft.ai/events/8303-us-dollar-forecast-eur-usd-rally-persists-following-fed-and-ecb.md) | +1.5% | +1.5% |
| EURUSD | 2020-03-05 | [Dollar surrenders to euro and yen as rate supremacy ends \| Financial Post](https://feedsoft.ai/events/7150-dollar-surrenders-to-euro-and-yen-as-rate-supremacy-ends-financial-post.md) | +1.3% | -1.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/euro-buoyed-before-ecb-meeting-as-fed-forecast-knocks-dollar

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