# ECB Hammers The Euro, USD To Shine Again - ActionForex

> Commentary from Swissquote analysts expects US third-quarter GDP near 2.8% and a December Fed rate hike, with the US 10-year yield at 2.47%. They expect capital to rotate from emerging markets into the dollar, with the euro seen as vulnerable after the ECB decision.

- Date: 2017-10-27 · published 2017-10-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/68674-ecb-hammers-the-euro-usd-to-shine-again-actionforex
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of a stronger dollar and higher US rates typically pressure dollar-priced commodities and can drive capital out of emerging-market currencies that affect feed import demand.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 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) | +0.3% | +1.3% |
| DXY | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | -0.5% | -2.2% |
| DXY | 2021-04-28 | [US Growth and Fed's Policy Outlook to Lift Yields Again, Lending Support to USD - ActionForex](https://feedsoft.ai/events/47824-us-growth-and-fed-s-policy-outlook-to-lift-yields-again-lending-support-to-usd.md) | +0.3% | -1.0% |
| DXY | 2022-10-27 | [Euro falls against the dollar after ECB rate hike, U.S. data](https://feedsoft.ai/events/39360-euro-falls-against-the-dollar-after-ecb-rate-hike-u-s-data.md) | +0.7% | -2.5% |
| DXY | 2019-08-01 | [Dollar Powered Up by Fed Powell, Broke Key Resistance Against Euro - ActionForex](https://feedsoft.ai/events/10781-dollar-powered-up-by-fed-powell-broke-key-resistance-against-euro-actionforex.md) | +1.1% | +2.1% |
| EURUSD | 2017-08-31 | [Euro Hammered as ECB's Concerned with Currency Strength, Dollar Outshone by Canadian Dollar - ActionForex](https://feedsoft.ai/events/69666-euro-hammered-as-ecb-s-concerned-with-currency-strength-dollar-outshone-by.md) | +0.8% | -1.3% |
| 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 | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | -0.2% | +1.7% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/53143-ecb-hammers-the-euro-usd-to-shine-again/

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