# Euro dips after ECB signals no shift likely at Jackson Hole

> The euro fell as much as half a cent to below $1.17 on August 16 after sources said ECB President Draghi would not use his Jackson Hole appearance to signal a policy change. The euro had gained about 11.5% against the dollar that year, mainly on bets that the ECB would unwind stimulus.

- Date: 2017-08-16 · published 2017-08-16T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/69669-euro-dips-after-ecb-signals-no-shift-likely-at-jackson-hole
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of no near-term ECB policy shift reduce support for the euro and can strengthen the dollar. This is a minor factor for dollar-priced feed commodity values.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-03-07 | [Euro Dips on Fresh ECB TLTRO Announcement, says no Interest Rate Rise Likely in 2019](https://feedsoft.ai/events/60312-euro-dips-on-fresh-ecb-tltro-announcement-says-no-interest-rate-rise-likely-in.md) | -0.1% | -0.7% |
| EURUSD | 2023-05-04 | [Dollar gains, euro dips after cautious ECB](https://feedsoft.ai/events/36157-dollar-gains-euro-dips-after-cautious-ecb.md) | -0.8% | -2.7% |
| EURUSD | 2020-03-12 | [Euro falls after ECB holds fire, dollar jumps as spreads widen](https://feedsoft.ai/events/6271-euro-falls-after-ecb-holds-fire-dollar-jumps-as-spreads-widen.md) | -4.0% | -3.7% |
| EURUSD | 2021-06-17 | [Euro, pound drop sharply, dollar jumps after Fed signals upcoming rate hikes \|  Cyprus Mail](https://feedsoft.ai/events/6131-euro-pound-drop-sharply-dollar-jumps-after-fed-signals-upcoming-rate-hikes.md) | -1.4% | -2.6% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/article/idUSKCN1AW0Q5/

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