# Here’s how the ECB just breathed new life into the dollar rally, analysts say - MarketWatch

> The ECB said it would keep interest rates at current levels until at least summer 2019 while ending its QE program in December. The euro dropped sharply, its steepest one-day fall since the 2016 Brexit vote, and the dollar index rose to about 94.7. Analysts see the dovish guidance as a potential driver of a longer dollar rally.

- Date: 2018-06-14 · published 2018-06-14T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64721-here-s-how-the-ecb-just-breathed-new-life-into-the-dollar-rally-analysts-say
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar on policy divergence with the Fed can lower US commodity prices in dollar terms and weigh on export demand for feed ingredients.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-07-29 | [The Euro-Dollar Rate Could Bounce if Fed Cuts Rates but It Won't Last, Analysts Say](https://feedsoft.ai/events/58316-the-euro-dollar-rate-could-bounce-if-fed-cuts-rates-but-it-won-t-last-analysts.md) | -0.1% | +0.2% |
| 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 | 2019-06-18 | [Europe just gave the dollar a boost. Here’s why Trump hates it](https://feedsoft.ai/events/58809-europe-just-gave-the-dollar-a-boost-here-s-why-trump-hates-it.md) | +1.4% | -0.2% |
| EURUSD | 2024-11-14 | [Dollar index hits 2-year high amid 'Trump trade' bets - MarketWatch](https://feedsoft.ai/events/11855-dollar-index-hits-2-year-high-amid-trump-trade-bets-marketwatch.md) | -0.4% | -0.5% |
| EURUSD | 2024-11-12 | [(EUR/USD) Euro Parity With Dollar Is the Big New Call by Currency Analysts - Bloomberg](https://feedsoft.ai/events/7557-eur-usd-euro-parity-with-dollar-is-the-big-new-call-by-currency-analysts.md) | -1.2% | -1.8% |
| DXY | 2018-08-23 | [Here’s how Jackson Hole could impact the dollar, bonds and emerging markets - MarketWatch](https://feedsoft.ai/events/63695-here-s-how-jackson-hole-could-impact-the-dollar-bonds-and-emerging-markets.md) | -0.0% | -0.1% |
| DXY | 2023-06-30 | [Importers must hedge near-term exposures on dollar rally risk, say analysts \| News - Business Standard](https://feedsoft.ai/events/35780-importers-must-hedge-near-term-exposures-on-dollar-rally-risk-say-analysts-news.md) | -0.4% | -1.5% |
| DXY | 2018-05-07 | [Dollar marches to 4-month high as oil rally points to higher inflation - MarketWatch](https://feedsoft.ai/events/65209-dollar-marches-to-4-month-high-as-oil-rally-points-to-higher-inflation.md) | +0.0% | +1.4% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/heres-how-the-ecb-just-breathed-new-life-into-the-dollar-rally-analysts-say-2018-06-14

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