# Euro falls after Draghi reaffirms outlook for low rates | Business

> The euro fell about 0.55% after ECB President Draghi reaffirmed that rates would stay low through next summer. Draghi said inflation uncertainty was receding but that it was too early to call victory on inflation.

- Date: 2018-07-28 · published 2018-07-28T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/64239-euro-falls-after-draghi-reaffirms-outlook-for-low-rates-business
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A dovish ECB weakens the euro against the dollar, which tends to make dollar-priced commodities such as soybean meal and corn relatively more expensive for European buyers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-09-03 | [Sterling falls before Brexit vote, euro down on rate outlook](https://feedsoft.ai/events/12334-sterling-falls-before-brexit-vote-euro-down-on-rate-outlook.md) | +0.6% | -0.8% |
| EURUSD | 2018-09-27 | [Dollar rises on Fed rate outlook; euro falls on Italian budget woes](https://feedsoft.ai/events/63247-dollar-rises-on-fed-rate-outlook-euro-falls-on-italian-budget-woes.md) | -2.0% | -3.3% |
| EURUSD | 2024-07-18 | [Euro falls after ECB holds rates, dollar climbs after data](https://feedsoft.ai/events/29485-euro-falls-after-ecb-holds-rates-dollar-climbs-after-data.md) | -0.7% | +0.8% |
| EURUSD | 2023-09-14 | [Euro Falls After ECB Hikes Interest Rates \| Morningstar](https://feedsoft.ai/events/34316-euro-falls-after-ecb-hikes-interest-rates-morningstar.md) | -0.2% | -1.7% |
| EURUSD | 2023-02-02 | [Euro, sterling dip as investors assess rate outlook](https://feedsoft.ai/events/37536-euro-sterling-dip-as-investors-assess-rate-outlook.md) | -1.7% | -2.9% |

## Sources

- devdiscourse.com: https://www.devdiscourse.com/article/business/93869-euro-falls-after-draghi-reaffirms-outlook-for-low-rates

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