# ECB In Focus, Dollar Eases In Need Of Fresh Catalysts - ActionForex

> Ahead of the European Central Bank's policy meeting, the euro firmed while the dollar index eased to 93.48, a six-day low. Markets expected the ECB to take a step toward policy normalisation. Dollar/yen traded near 113.68 and Fed chair speculation was also in focus.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/68707-ecb-in-focus-dollar-eases-in-need-of-fresh-catalysts-actionforex
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Dollar weakness tied to ECB policy tends to support dollar-priced commodities modestly, but the effect here is small and mainly sentiment-driven.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-27 | [FOMC Deflates Dollar Inflates Oil And Gold - ActionForex](https://feedsoft.ai/events/69896-fomc-deflates-dollar-inflates-oil-and-gold-actionforex.md) | -0.6% | -0.5% |
| DXY | 2018-11-12 | [Forex market: Fed, Brexit and dollar in focus](https://feedsoft.ai/events/62251-forex-market-fed-brexit-and-dollar-in-focus.md) | -0.4% | -0.2% |
| 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 | 2018-04-26 | [Strong Yields Boost Dollar Awaiting ECB - ActionForex](https://feedsoft.ai/events/65730-strong-yields-boost-dollar-awaiting-ecb-actionforex.md) | +0.7% | +2.1% |
| DXY | 2020-07-30 | [Forex markets: Dollar, U.S. Federal Reserve in focus](https://feedsoft.ai/events/52297-forex-markets-dollar-u-s-federal-reserve-in-focus.md) | -0.3% | -0.5% |
| 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% |
| EURUSD | 2018-04-26 | [Strong Yields Boost Dollar Awaiting ECB - ActionForex](https://feedsoft.ai/events/65730-strong-yields-boost-dollar-awaiting-ecb-actionforex.md) | -1.7% | -4.0% |
| EURUSD | 2020-07-30 | [Forex markets: Dollar, U.S. Federal Reserve in focus](https://feedsoft.ai/events/52297-forex-markets-dollar-u-s-federal-reserve-in-focus.md) | +1.1% | +0.4% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/52714-ecb-in-focus-dollar-eases-in-need-of-fresh-catalysts/

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