# ECB Decision, Draghi Comments Sink Euro | Nasdaq

> The euro fell to a three-month low and the dollar index rose to a multi-month high after the ECB extended bond purchases, reducing odds of a 2018 rate hike. ECB President Draghi said an ample degree of monetary stimulus remains necessary, and US yields rose.

- Date: 2017-10-28 · published 2017-10-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68671-ecb-decision-draghi-comments-sink-euro-nasdaq
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar tends to weigh on US commodity futures and export competitiveness, pressuring soybean, corn and wheat prices, while benefiting importers' buying power.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-01-30 | [COMMENT-ECB, data set the stage for lower EUR/USD as tariff decision looms](https://feedsoft.ai/events/26731-comment-ecb-data-set-the-stage-for-lower-eur-usd-as-tariff-decision-looms.md) | -0.3% | -0.3% |
| DXY | 2021-09-09 | [Dollar little changed, euro steady ahead of ECB decision](https://feedsoft.ai/events/45266-dollar-little-changed-euro-steady-ahead-of-ecb-decision.md) | -0.2% | +1.3% |
| DXY | 2022-07-20 | [Dollar rises vs euro as traders eye ECB rate decision](https://feedsoft.ai/events/40712-dollar-rises-vs-euro-as-traders-eye-ecb-rate-decision.md) | +0.2% | -0.7% |
| DXY | 2023-08-31 | [Dollar gains on solid data, euro drops on cautious ECB comments - Markets - Business Recorder](https://feedsoft.ai/events/34781-dollar-gains-on-solid-data-euro-drops-on-cautious-ecb-comments-markets-business.md) | +1.8% | +2.3% |
| DXY | 2017-10-28 | [Euro falls most this year on ECB bond decision and Spanish woes \| The National](https://feedsoft.ai/events/68669-euro-falls-most-this-year-on-ecb-bond-decision-and-spanish-woes-the-national.md) | -0.2% | -1.6% |
| EURUSD | 2018-07-25 | [Euro settles lower after ECB decision; yen up](https://feedsoft.ai/events/64243-euro-settles-lower-after-ecb-decision-yen-up.md) | +0.2% | -1.3% |
| EURUSD | 2025-01-30 | [COMMENT-ECB, data set the stage for lower EUR/USD as tariff decision looms](https://feedsoft.ai/events/26731-comment-ecb-data-set-the-stage-for-lower-eur-usd-as-tariff-decision-looms.md) | +0.0% | -0.0% |
| EURUSD | 2026-04-30 | [EUR/USD: Correction unfolds as ECB nears decision – MUFG](https://feedsoft.ai/events/19946-eur-usd-correction-unfolds-as-ecb-nears-decision-mufg.md) | +0.5% | -0.4% |

## Sources

- nasdaq.com: https://www.nasdaq.com/articles/ecb-decision-draghi-comments-sink-euro-2017-10-28

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