# ECB Delivering a Dovish Taper Reinforces Bets on Euro Parity - Bloomberg

> Options prices showed the odds of the euro falling to $1 within six months rising to about 44% from 31% before the ECB's December 8 decision. The ECB's dovish taper reinforced bets on euro parity with the dollar.

- Date: 2016-12-11 · published 2016-12-11T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/5971-ecb-delivering-a-dovish-taper-reinforces-bets-on-euro-parity-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of a weaker euro and firmer dollar increase the cost of dollar-priced imports for European buyers, a modest bearish signal for US commodity demand.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2016-12-15 | 1 | +1.8% | 5.0 | The ECB's dovish taper on Dec 8 widened the policy divergence, adding to the euro weakness behind the dollar rally, though it came earlier. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-09 | [ECB-Fed Rates Split Ignites Talk of Euro Sliding to Dollar Parity - Bloomberg](https://feedsoft.ai/events/9973-ecb-fed-rates-split-ignites-talk-of-euro-sliding-to-dollar-parity-bloomberg.md) | +1.4% | +1.0% |
| DXY | 2024-03-28 | [Currency Markets: A Decline in the Euro to Parity With the Dollar Beckons - Bloomberg](https://feedsoft.ai/events/31420-currency-markets-a-decline-in-the-euro-to-parity-with-the-dollar-beckons.md) | +0.0% | +1.6% |
| DXY | 2022-08-22 | [Dollar rises on risk aversion; euro revisits parity](https://feedsoft.ai/events/40217-dollar-rises-on-risk-aversion-euro-revisits-parity.md) | +0.0% | +1.6% |
| DXY | 2024-11-06 | [Euro (EUR/USD) Parity Back in Play as Trump Win Spurs Rates Divergence - Bloomberg](https://feedsoft.ai/events/5807-euro-eur-usd-parity-back-in-play-as-trump-win-spurs-rates-divergence-bloomberg.md) | +1.9% | +1.5% |
| DXY | 2026-09-14 | [Copper Slips as Inflation Data Raises Bets on Fed Hiking Rates - Bloomberg](https://feedsoft.ai/events/17392-copper-slips-as-inflation-data-raises-bets-on-fed-hiking-rates-bloomberg.md) | +1.1% | +2.9% |
| EURUSD | 2024-04-09 | [ECB-Fed Rates Split Ignites Talk of Euro Sliding to Dollar Parity - Bloomberg](https://feedsoft.ai/events/9973-ecb-fed-rates-split-ignites-talk-of-euro-sliding-to-dollar-parity-bloomberg.md) | -1.9% | -0.7% |
| EURUSD | 2024-03-28 | [Currency Markets: A Decline in the Euro to Parity With the Dollar Beckons - Bloomberg](https://feedsoft.ai/events/31420-currency-markets-a-decline-in-the-euro-to-parity-with-the-dollar-beckons.md) | +0.1% | -1.2% |
| EURUSD | 2022-08-22 | [Dollar rises on risk aversion; euro revisits parity](https://feedsoft.ai/events/40217-dollar-rises-on-risk-aversion-euro-revisits-parity.md) | -0.4% | -0.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2016-12-11/ecb-delivering-a-dovish-taper-reinforces-bets-on-euro-parity

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