# Euro Climbs Higher as ECB pushes back Interest Rate deadline; - BBC Money

> The ECB said it would keep its key rates at current levels at least through the first half of 2020, delaying its first post-crisis rate hike. It also offered to pay banks that lend ECB cash on to households and firms. The euro rose 0.6% to a seven-week high of $1.1290 after the announcement.

- Date: 2019-05-19 · published 2019-05-19T12:00:00.000Z
- Category: macro · region Euro zone · magnitude medium
- Page: https://feedsoft.ai/events/59291-euro-climbs-higher-as-ecb-pushes-back-interest-rate-deadline-bbc-money
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower-for-longer European rates weaken the euro and strengthen the dollar, which pressures US dollar-priced farm commodities and supports US export competitiveness for the dollar's opposite.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-09-12 | [Euro gains after ECB rate cut as Lagarde pushes back on October ease](https://feedsoft.ai/events/28525-euro-gains-after-ecb-rate-cut-as-lagarde-pushes-back-on-october-ease.md) | +0.9% | -0.6% |
| EURUSD | 2022-05-23 | [Euro climbs as ECB eyes rate hikes, dollar slides \| Reuters](https://feedsoft.ai/events/12687-euro-climbs-as-ecb-eyes-rate-hikes-dollar-slides-reuters.md) | +1.4% | -0.1% |
| EURUSD | 2022-05-23 | [Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider](https://feedsoft.ai/events/41613-dollar-vs-euro-greenback-hits-one-month-low-as-ecb-eyes-rate-hikes-markets.md) | +1.4% | -0.1% |
| EURUSD | 2026-07-30 | [Euro climbs to six-week high as suspected Japanese intervention pressures Greenback](https://feedsoft.ai/events/18559-euro-climbs-to-six-week-high-as-suspected-japanese-intervention-pressures.md) | +1.4% | +2.3% |
| EURUSD | 2022-10-04 | [Euro hits two-week high on European interest rate prospects](https://feedsoft.ai/events/9329-euro-hits-two-week-high-on-european-interest-rate-prospects.md) | -0.5% | +0.6% |
| DXY | 2024-09-12 | [Euro gains after ECB rate cut as Lagarde pushes back on October ease](https://feedsoft.ai/events/28525-euro-gains-after-ecb-rate-cut-as-lagarde-pushes-back-on-october-ease.md) | -1.0% | +0.1% |
| DXY | 2022-05-23 | [Euro climbs as ECB eyes rate hikes, dollar slides \| Reuters](https://feedsoft.ai/events/12687-euro-climbs-as-ecb-eyes-rate-hikes-dollar-slides-reuters.md) | -0.9% | +1.1% |
| DXY | 2022-05-23 | [Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider](https://feedsoft.ai/events/41613-dollar-vs-euro-greenback-hits-one-month-low-as-ecb-eyes-rate-hikes-markets.md) | -0.9% | +1.1% |

## Sources

- bbcmoney.com: https://bbcmoney.com/archives/528

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