# Has The ECB Lost Control Of The Euro Exchange Rate Complex? | Exchange Rates UK

> EUR/USD and GBP/USD reached new yearly highs on dollar weakness and Draghi's comments, with the pound rising above 1.43. A later Trump remark supporting a stronger dollar reversed much of the week's dollar losses.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67194-has-the-ecb-lost-control-of-the-euro-exchange-rate-complex-exchange-rates-uk
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Swinging dollar direction adds volatility to dollar-priced commodity values, with the reversal limiting the sustained tailwind for US export prices.

## Read by commodity

- DXY: neutral
- EURUSD: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-11 | [ECB concerned about U.S. political influence on exchange rates: Nowotny](https://feedsoft.ai/events/66703-ecb-concerned-about-u-s-political-influence-on-exchange-rates-nowotny.md) | -1.1% | -0.5% |
| DXY | 2017-03-27 | [Goldman Sachs: Weak British Pound Means Weaker Consumer, BoE Looks Through Inflation \| Exchange Rates UK](https://feedsoft.ai/events/72231-goldman-sachs-weak-british-pound-means-weaker-consumer-boe-looks-through.md) | +0.1% | +0.2% |
| DXY | 2019-01-28 | [Brexit Pound Analysis: British Pound Has Rallied 5% Vs Euro, Dollar But How Much Has GBP Discounted A No Deal Brexit? \| Exchange Rates UK](https://feedsoft.ai/events/61332-brexit-pound-analysis-british-pound-has-rallied-5-vs-euro-dollar-but-how-much.md) | -0.2% | +0.0% |
| DXY | 2023-12-10 | [Last US FOMC of the Year in Focus... Impact on Exchange Rates and Korean Monetary Policy - The Asia Business Daily](https://feedsoft.ai/events/32966-last-us-fomc-of-the-year-in-focus-impact-on-exchange-rates-and-korean-monetary.md) | -0.8% | -0.9% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |
| EURUSD | 2021-10-29 | [Euro US Dollar Exchange Rate Jumps On ECB Rate Decision And US GDP](https://feedsoft.ai/events/44756-euro-us-dollar-exchange-rate-jumps-on-ecb-rate-decision-and-us-gdp.md) | -1.2% | -3.6% |
| EURUSD | 2026-02-05 | [ECB warns of stronger euro impact, holds rates](https://feedsoft.ai/events/20810-ecb-warns-of-stronger-euro-impact-holds-rates.md) | +0.7% | -1.8% |
| EURUSD | 2020-03-02 | [Euro Exchange Rate Reaches 5-Week-Best As Rivals Pound Sterling And Dollar See Large Losses \| Exchange Rates UK](https://feedsoft.ai/events/6188-euro-exchange-rate-reaches-5-week-best-as-rivals-pound-sterling-and-dollar-see.md) | +2.9% | +0.5% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/20351/eurusd-eurgbp-has-the-ecb-lost-control-of-the-euro.html

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