# Quick Hits: Euro Rise May Not Be Sufficient for Real Worry at ECB

> Nordea's chief strategist Jan von Gerich said the recent EUR/USD rise was not enough to worry the ECB, but it likely prompts dovish hints from President Draghi at the next meeting. Nordea sees some downside pressure on the euro and bond yields after that message.

- Date: 2018-01-18 · published 2018-01-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67192-quick-hits-euro-rise-may-not-be-sufficient-for-real-worry-at-ecb
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expected dovish ECB guidance would weaken the euro and modestly support the dollar, a minor factor for dollar-priced grain and meal values.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-08-20 | [Bets rise euro to weaken on ECB easy money](https://feedsoft.ai/events/57805-bets-rise-euro-to-weaken-on-ecb-easy-money.md) | +0.1% | -0.3% |
| EURUSD | 2021-01-27 | [ECB officials hinting rate cuts What it means for EURUSD](https://feedsoft.ai/events/49382-ecb-officials-hinting-rate-cuts-what-it-means-for-eurusd.md) | -1.0% | -0.0% |
| EURUSD | 2021-05-27 | [EUR/USD: Recent shifts in ECB and Fed rhetoric are bearish for the euro - MUFG - Forex Crunch](https://feedsoft.ai/events/47298-eur-usd-recent-shifts-in-ecb-and-fed-rhetoric-are-bearish-for-the-euro-mufg.md) | -0.7% | -2.3% |
| EURUSD | 2023-08-31 | [ForexLive European FX news wrap: Euro falls as ECB rate hike bets abate](https://feedsoft.ai/events/34810-forexlive-european-fx-news-wrap-euro-falls-as-ecb-rate-hike-bets-abate.md) | -2.0% | -3.2% |
| EURUSD | 2017-02-03 | [Euro may be too weak for Germany but too strong for others](https://feedsoft.ai/events/72705-euro-may-be-too-weak-for-germany-but-too-strong-for-others.md) | -1.3% | -2.3% |

## Sources

- wsj.com: https://www.wsj.com/articles/quick-hits-euro-rise-may-not-be-sufficient-for-real-worry-at-ecb-1516304961?mod=e2twcb

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