# Market Voice: Why have EURUSD and Rate Spreads Gone in Reverse Gear? | Lipper Alpha Insight | LSEG

> A Lipper Alpha analysis asks why EURUSD has diverged from interest rate spreads, noting that US rates have risen relative to Europe while the euro has held up. Correlations between rates and currencies are near their lowest in more than a decade.

- Date: 2018-03-07 · published 2018-03-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/66200-market-voice-why-have-eurusd-and-rate-spreads-gone-in-reverse-gear-lipper-alpha
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency drivers beyond rate differentials affect the dollar's direction, which feeds into dollar-priced grain and oilseed export competitiveness.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-04-30 | [Traders temper euro zone rate hike bets as ECB grapples with Iran war impact \| MarketScreener](https://feedsoft.ai/events/19944-traders-temper-euro-zone-rate-hike-bets-as-ecb-grapples-with-iran-war-impact.md) | +0.5% | -0.4% |
| EURUSD | 2018-03-26 | [Relative liquidity supply has lead EUR/USD higher – Nordea Markets — Octa](https://feedsoft.ai/events/66203-relative-liquidity-supply-has-lead-eur-usd-higher-nordea-markets-octa.md) | -0.3% | -0.6% |
| EURUSD | 2020-12-09 | [ECB Euro Cheat Sheet: Weak Dollar Trend Makes It More Difficult To Reverse EUR/USD Gains](https://feedsoft.ai/events/49862-ecb-euro-cheat-sheet-weak-dollar-trend-makes-it-more-difficult-to-reverse-eur.md) | +0.4% | +1.2% |
| EURUSD | 2020-02-28 | [EUR/USD volatility jumps to one-year high, 10bps June ECB rate cut priced in — Octa](https://feedsoft.ai/events/54801-eur-usd-volatility-jumps-to-one-year-high-10bps-june-ecb-rate-cut-priced-in-octa.md) | +2.0% | +0.4% |
| EURUSD | 2024-01-31 | [EUR/USD gives up gains after soft German CPI \| MarketPulse by OANDA Group](https://feedsoft.ai/events/32342-eur-usd-gives-up-gains-after-soft-german-cpi-marketpulse-by-oanda-group.md) | -0.9% | -0.0% |
| DXY | 2018-03-26 | [Relative liquidity supply has lead EUR/USD higher – Nordea Markets — Octa](https://feedsoft.ai/events/66203-relative-liquidity-supply-has-lead-eur-usd-higher-nordea-markets-octa.md) | -0.3% | +0.4% |
| DXY | 2018-12-19 | [With a rate hike priced in, dollar traders wait for Fed’s 2019 guidance - MarketWatch](https://feedsoft.ai/events/61746-with-a-rate-hike-priced-in-dollar-traders-wait-for-fed-s-2019-guidance.md) | -0.3% | -1.6% |
| DXY | 2024-01-31 | [EUR/USD gives up gains after soft German CPI \| MarketPulse by OANDA Group](https://feedsoft.ai/events/32342-eur-usd-gives-up-gains-after-soft-german-cpi-marketpulse-by-oanda-group.md) | +0.3% | +0.4% |

## Sources

- lipperalpha.refinitiv.com: https://lipperalpha.refinitiv.com/2018/03/market-voice-why-have-eurusd-and-rate-spreads-gone-in-reverse-gear/

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