# Euro drops after ECB trims stimulus; Treasury yields higher

> The euro fell about 1.3% to $1.1656 after the ECB said it would halve bond purchases to €30 billion a month from January while extending the program nine months. US Treasury yields rebounded after the House passed a fiscal 2018 budget that paves the way for tax cuts.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68670-euro-drops-after-ecb-trims-stimulus-treasury-yields-higher
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US yields and a firmer dollar pressure dollar-priced grains and oilseeds, while tax-cut expectations support US growth sentiment.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-01-25 | [GLOBAL MARKETS-Stocks edge higher while euro falls with US Treasury yields](https://feedsoft.ai/events/32345-global-markets-stocks-edge-higher-while-euro-falls-with-us-treasury-yields.md) | -0.4% | -0.8% |
| EURUSD | 2022-03-10 | [Euro zone bond yields soar as ECB presses on with stimulus exit \| Reuters](https://feedsoft.ai/events/42466-euro-zone-bond-yields-soar-as-ecb-presses-on-with-stimulus-exit-reuters.md) | -0.7% | -1.4% |
| EURUSD | 2022-04-14 | [VIEW ECB confirms plans to roll back stimulus; yields fall](https://feedsoft.ai/events/42062-view-ecb-confirms-plans-to-roll-back-stimulus-yields-fall.md) | -0.2% | -3.1% |
| EURUSD | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | -2.6% | -2.5% |
| EURUSD | 2024-09-23 | [Euro slumps, dollar index edges higher after PMI data](https://feedsoft.ai/events/28526-euro-slumps-dollar-index-edges-higher-after-pmi-data.md) | 0.0% | -3.0% |
| DXY | 2018-04-23 | [US Treasury yields tick higher ahead of economic data](https://feedsoft.ai/events/65436-us-treasury-yields-tick-higher-ahead-of-economic-data.md) | +0.9% | +3.3% |
| DXY | 2024-01-25 | [GLOBAL MARKETS-Stocks edge higher while euro falls with US Treasury yields](https://feedsoft.ai/events/32345-global-markets-stocks-edge-higher-while-euro-falls-with-us-treasury-yields.md) | -0.0% | +0.5% |
| DXY | 2021-06-28 | [USD/JPY remains strong above 110.80 amid higher US Treasury yields — Octa](https://feedsoft.ai/events/46841-usd-jpy-remains-strong-above-110-80-amid-higher-us-treasury-yields-octa.md) | +0.5% | +1.1% |

## Sources

- zeebiz.com: https://www.zeebiz.com/agencies/euro-drops-after-ecb-trims-stimulus-treasury-yields-higher-29327

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