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

> Analysts reacted to Reuters reports that ECB policymakers are debating how to end quantitative easing and normalize policy. Markets had priced the first rate rise for 2019, and some expect it could come sooner or be more aggressive.

- Date: 2018-03-20 · published 2018-03-20T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/66202-euro-rally-could-extend-in-coming-days-analysts-react-to-reports-of-shift-in
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of earlier ECB tightening support the euro and weigh on the dollar, with knock-on effects for dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-09-07 | [ECB cites inflation-dampening euro rate as policy factor](https://feedsoft.ai/events/69161-ecb-cites-inflation-dampening-euro-rate-as-policy-factor.md) | -0.4% | -1.5% |
| EURUSD | 2017-10-27 | [Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)](https://feedsoft.ai/events/68668-decisions-taken-by-the-governing-council-of-the-ecb-in-addition-to-decisions.md) | -0.2% | +1.8% |
| EURUSD | 2018-02-13 | [ECB’s Sisyphean task: To credibly talk down the euro \| reports \| ING THINK](https://feedsoft.ai/events/66704-ecb-s-sisyphean-task-to-credibly-talk-down-the-euro-reports-ing-think.md) | +0.7% | +1.1% |
| EURUSD | 2022-12-15 | [ECB raises interest rates by 0.5%, signals more to come](https://feedsoft.ai/events/38439-ecb-raises-interest-rates-by-0-5-signals-more-to-come.md) | -0.5% | +1.5% |
| EURUSD | 2022-02-03 | [ECB opens door to 2022 rate hike in policy turnaround](https://feedsoft.ai/events/9870-ecb-opens-door-to-2022-rate-hike-in-policy-turnaround.md) | +1.2% | -2.2% |
| DXY | 2017-09-07 | [ECB cites inflation-dampening euro rate as policy factor](https://feedsoft.ai/events/69161-ecb-cites-inflation-dampening-euro-rate-as-policy-factor.md) | +0.2% | +1.6% |
| DXY | 2025-09-17 | [Instant View: Analysts react after Fed cuts interest rates by quarter of a percentage point \| Reuters](https://feedsoft.ai/events/23084-instant-view-analysts-react-after-fed-cuts-interest-rates-by-quarter-of-a.md) | +0.4% | +1.5% |
| DXY | 2017-10-27 | [Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)](https://feedsoft.ai/events/68668-decisions-taken-by-the-governing-council-of-the-ecb-in-addition-to-decisions.md) | -0.1% | -1.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/8730-ecb-shift-could-prompt-euro-gains

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