# EUR/USD: Hits two-week low, downside exposed as markets push back ECB rate hike bets to end 2020 — Octa

> EUR/USD hit two-week lows in Asian trade after markets pushed back ECB rate-hike expectations to the end of 2020. German factory orders posted their biggest drop since 2012, and the Ifo index turned negative for the first time since 2014. The deposit rate is expected to stay below zero until mid-2021.

- Date: 2019-02-07 · published 2019-02-07T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/60825-eur-usd-hits-two-week-low-downside-exposed-as-markets-push-back-ecb-rate-hike
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Delayed ECB tightening and a weak German economy support a weaker euro against the dollar. That shifts the cost of dollar-priced commodity imports for European feed buyers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-06-28 | [Euro dips as markets manage expectations of ECB rate hikes \| Reuters](https://feedsoft.ai/events/41157-euro-dips-as-markets-manage-expectations-of-ecb-rate-hikes-reuters.md) | -3.3% | -4.6% |
| EURUSD | 2021-10-28 | [ECB's Lagarde sees higher inflation; pushes back on rate-hike bets \| Reuters](https://feedsoft.ai/events/7162-ecb-s-lagarde-sees-higher-inflation-pushes-back-on-rate-hike-bets-reuters.md) | -0.1% | -2.6% |
| EURUSD | 2022-07-05 | [Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times](https://feedsoft.ai/events/10287-euro-hits-20-year-low-against-dollar-as-markets-slide-the-new-york-times.md) | -3.1% | -1.3% |
| EURUSD | 2023-03-15 | [Market bets on big ECB rate hike evaporate on renewed bank turmoil \| Reuters](https://feedsoft.ai/events/10076-market-bets-on-big-ecb-rate-hike-evaporate-on-renewed-bank-turmoil-reuters.md) | +0.4% | +1.7% |
| EURUSD | 2026-09-10 | [Euro slips as dollar rises after ECB rate hike \| MarketScreener](https://feedsoft.ai/events/17698-euro-slips-as-dollar-rises-after-ecb-rate-hike-marketscreener.md) | -0.8% | -3.8% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/664363/

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