# Trade Spat Just Noise as ECB Edges to Exit

> The ECB took another small step toward ending extraordinary monetary policy by dropping a pledge to extend or accelerate bond purchases if necessary. It also raised its 2018 growth forecast slightly to 2.4%, and the euro rose half a cent against the dollar to $1.242.

- Date: 2018-03-08 · published 2018-03-08T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/66199-trade-spat-just-noise-as-ecb-edges-to-exit
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A less dovish ECB narrows the policy gap with the Fed and supports the euro, which weakens the dollar and can ease pressure on dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-08-17 | [Euro nudges higher as U.S.-China trade talks calm market nerves](https://feedsoft.ai/events/63735-euro-nudges-higher-as-u-s-china-trade-talks-calm-market-nerves.md) | +1.6% | +2.4% |
| EURUSD | 2026-04-30 | [Euro Rises to $1.17 as ECB Leaves Options Open](https://feedsoft.ai/events/19942-euro-rises-to-1-17-as-ecb-leaves-options-open.md) | +0.5% | -0.4% |
| EURUSD | 2022-05-23 | [EUR/USD Soars as Lagarde Talks Up Hikes, Says ECB Will Exit Negative Rates in Q3 \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/12692-eur-usd-soars-as-lagarde-talks-up-hikes-says-ecb-will-exit-negative-rates-in-q3.md) | +1.4% | -0.1% |
| EURUSD | 2025-06-06 | [For markets, end to ECB rate cuts just got closer](https://feedsoft.ai/events/24435-for-markets-end-to-ecb-rate-cuts-just-got-closer.md) | +1.2% | +2.6% |
| EURUSD | 2019-09-13 | [Euro surges as ECB rate cut seems to mark last stimulus move \| The National](https://feedsoft.ai/events/57278-euro-surges-as-ecb-rate-cut-seems-to-mark-last-stimulus-move-the-national.md) | -0.3% | -0.5% |
| DXY | 2020-11-17 | [Sterling edges higher as traders focus on drawn-out Brexit talks \| Financial Post](https://feedsoft.ai/events/50417-sterling-edges-higher-as-traders-focus-on-drawn-out-brexit-talks-financial-post.md) | -0.1% | -1.9% |
| DXY | 2018-08-17 | [Euro nudges higher as U.S.-China trade talks calm market nerves](https://feedsoft.ai/events/63735-euro-nudges-higher-as-u-s-china-trade-talks-calm-market-nerves.md) | -0.5% | -0.5% |
| DXY | 2023-09-29 | [Ringgit Rises Against U.S. Dollar In Early Trade As Risk Appetite Improves](https://feedsoft.ai/events/34367-ringgit-rises-against-u-s-dollar-in-early-trade-as-risk-appetite-improves.md) | +1.1% | +0.9% |

## Sources

- wsj.com: https://www.wsj.com/articles/trade-spat-just-noise-as-ecb-edges-to-exit-1520528984?reflink=e2twmkts

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