# Euro surges as ECB rate cut seems to mark last stimulus move | The National

> The euro rose to a 17-day high against the dollar on Friday after the ECB cut its deposit rate to -0.5% and restarted bond purchases at €20 billion a month. Investors read the move as the final stimulus step, pushing German bond yields higher and the pound to a seven-week high.

- Date: 2019-09-13 · published 2019-09-13T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/57278-euro-surges-as-ecb-rate-cut-seems-to-mark-last-stimulus-move-the-national
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Markets treating the ECB as finished easing lifts the euro and weakens the dollar, a move that can firm dollar-priced commodities in Europe while pressuring US export competitiveness.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-02-07 | [Euro spurs currency experts to recalibrate outlook \| The National](https://feedsoft.ai/events/66706-euro-spurs-currency-experts-to-recalibrate-outlook-the-national.md) | -0.1% | +0.1% |
| EURUSD | 2022-02-19 | [End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro \| The National](https://feedsoft.ai/events/42902-end-of-european-central-bank-s-reign-as-dovish-bastion-likely-to-spark-rebound.md) | -0.9% | -2.5% |
| EURUSD | 2024-08-02 | [Euro-Dollar Surges as Odds of Emergency Federal Reserve Rate Cut Grows](https://feedsoft.ai/events/9284-euro-dollar-surges-as-odds-of-emergency-federal-reserve-rate-cut-grows.md) | +1.2% | +2.8% |
| EURUSD | 2020-05-31 | [The euro rallies as the European Union addresses fiscal flaws \| The National](https://feedsoft.ai/events/53352-the-euro-rallies-as-the-european-union-addresses-fiscal-flaws-the-national.md) | +1.7% | +1.0% |
| EURUSD | 2023-06-15 | [Euro advances, surges to 15-year peak vs yen, after ECB lifts rates](https://feedsoft.ai/events/35698-euro-advances-surges-to-15-year-peak-vs-yen-after-ecb-lifts-rates.md) | +0.9% | +3.5% |
| DXY | 2020-06-16 | [Gold futures rally after Fed pledges to keep interest rates low and sustain stimulus  \| The National](https://feedsoft.ai/events/52521-gold-futures-rally-after-fed-pledges-to-keep-interest-rates-low-and-sustain.md) | -0.2% | -0.5% |
| DXY | 2018-02-07 | [Euro spurs currency experts to recalibrate outlook \| The National](https://feedsoft.ai/events/66706-euro-spurs-currency-experts-to-recalibrate-outlook-the-national.md) | +0.2% | +0.7% |
| DXY | 2022-02-19 | [End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro \| The National](https://feedsoft.ai/events/42902-end-of-european-central-bank-s-reign-as-dovish-bastion-likely-to-spark-rebound.md) | +0.4% | +1.0% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/markets/euro-surges-as-ecb-rate-cut-seems-to-mark-last-stimulus-move-1.909954

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