# Euro Choppy against Dollar and Pound after ECB Sets Stage for Rate Cuts and QE from September

> The euro traded choppily against the dollar and pound after the ECB left rates unchanged but tasked staff with designing a tiered reserve remuneration system and options for a new QE programme. Analysts read this as groundwork for a deposit rate cut and bond buying from September.

- Date: 2019-07-25 · published 2019-07-25T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/58312-euro-choppy-against-dollar-and-pound-after-ecb-sets-stage-for-rate-cuts-and-qe
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Preparation for deeper cuts and QE points to a weaker euro over coming months. That affects the relative cost of US grains and oilseeds for European feed buyers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-10-27 | [Euro falls against the dollar after ECB rate hike, U.S. data](https://feedsoft.ai/events/39360-euro-falls-against-the-dollar-after-ecb-rate-hike-u-s-data.md) | -1.9% | +3.3% |
| EURUSD | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | +0.4% | +1.7% |
| EURUSD | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.2% | +2.5% |
| EURUSD | 2024-12-12 | [Dollar higher on fresh inflation data, euro lower after ECB rate cut](https://feedsoft.ai/events/27173-dollar-higher-on-fresh-inflation-data-euro-lower-after-ecb-rate-cut.md) | -0.4% | -2.6% |
| EURUSD | 2017-11-02 | [Pound Could Remain Volatile Against Dollar and Euro as New Interest Rate Consensus Develops](https://feedsoft.ai/events/68240-pound-could-remain-volatile-against-dollar-and-euro-as-new-interest-rate.md) | -0.2% | +2.5% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eur/11761-the-euro-today-european-central-bank-in-focus

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