# Forex Market: Euro strengthens after ECB dashes dovish hopes

> The euro rose about 0.5% to $1.1273 after the ECB kept rates unchanged and did not signal near-term easing, pushing back the timing of its first post-crisis rate hike. Money markets cut the odds of a euro zone rate cut by year-end to 45% from 75%.

- Date: 2019-06-06 · published 2019-06-06T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/58806-forex-market-euro-strengthens-after-ecb-dashes-dovish-hopes
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced ECB easing expectations support the euro against the dollar, which can weigh on dollar-denominated commodity prices at the margin.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-09-05 | [No cause yet for ECB alarm over euro strength](https://feedsoft.ai/events/51331-no-cause-yet-for-ecb-alarm-over-euro-strength.md) | +0.5% | -0.3% |
| 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 | 2026-01-30 | [All about the euro: Five questions for the ECB \| MarketScreener](https://feedsoft.ai/events/21264-all-about-the-euro-five-questions-for-the-ecb-marketscreener.md) | -1.2% | -1.0% |
| EURUSD | 2026-05-29 | [Euro-Dollar: Why Markets Think The ECB Will Hike Before The Fed](https://feedsoft.ai/events/19473-euro-dollar-why-markets-think-the-ecb-will-hike-before-the-fed.md) | -0.2% | -2.1% |
| EURUSD | 2021-10-28 | [Euro Mildly Higher after ECB, Dollar Dips Slightly on GDP Miss - ActionForex](https://feedsoft.ai/events/44759-euro-mildly-higher-after-ecb-dollar-dips-slightly-on-gdp-miss-actionforex.md) | -0.1% | -2.6% |
| DXY | 2020-09-05 | [No cause yet for ECB alarm over euro strength](https://feedsoft.ai/events/51331-no-cause-yet-for-ecb-alarm-over-euro-strength.md) | -0.3% | +0.1% |
| DXY | 2024-03-20 | [Dollar weakens after Fed meeting, yen strengthens](https://feedsoft.ai/events/31389-dollar-weakens-after-fed-meeting-yen-strengthens.md) | +0.1% | +1.8% |
| 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% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/06/06/forex-market-us-mexico-tensions-ecb-policy-decision-in-focus.html

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