Euro Rally Could "Extend in Coming Days" - Analysts React to Reports of Shift in ECB Interest Rate Policy

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.

• Sep 7, 2017ECB cites inflation-dampening euro rate as policy factor-0.4%
• Oct 27, 2017Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)-0.2%
• Feb 13, 2018ECB’s Sisyphean task: To credibly talk down the euro | reports | ING THINK+0.7%
• Dec 15, 2022ECB raises interest rates by 0.5%, signals more to come-0.5%
• Feb 3, 2022ECB opens door to 2022 rate hike in policy turnaround+1.2%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Sep 7, 2017ECB cites inflation-dampening euro rate as policy factor+0.2%
• Sep 17, 2025Instant View: Analysts react after Fed cuts interest rates by quarter of a percentage point | Reuters+0.4%
• Oct 27, 2017Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)-0.1%
• Jul 31, 2024Gold jumps and industrial metals rally as US Fed signals upcoming interest rate cut-0.5%
• Feb 13, 2018ECB’s Sisyphean task: To credibly talk down the euro | reports | ING THINK-0.4%