◂ Event Timeline

Oct 25, 2018MACROEurope

Euro rises versus dollar after ECB's Draghi predicts inflation pick up

The ECB left its benchmark rates unchanged on Thursday and kept its stimulus exit timetable. ECB President Mario Draghi said underlying inflation should pick up toward the end of 2018, and the euro rose versus the dollar.

WHY IT MATTERS

A firmer euro on hawkish-leaning ECB signals makes dollar-priced commodities relatively more expensive in euros, which can soften U.S. export demand at the margin.

AFFECTSEuro (USD per EUR)▲

SOURCE
cnbc.comDavid ReidOct 25, 2018

Price reaction & history

Euro (USD per EUR)▲bullishSO FAR1d -0.1%5d -0.5%20d -0.5%

After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.

Oct 31, 2024Euro Outperforms Dollar and Pound After Inflation and GDP Surprises-1.2%
Jul 13, 2022Euro back above parity, dollar dips after inflation surges | Reuters+1.7%
Mar 16, 2023Euro rises, dollar falls after ECB rate decision+2.4%
Oct 28, 2021Dollar index drops on euro rise after ECB comments-0.1%
Mar 31, 2023Dollar up vs. euro but remains on track for weekly loss after inflation data+0.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Euro (USD per EUR) EURUSD · GP ▸

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