# Euro surges against dollar as Draghi says QE tightening talks will start in September

> The euro jumped to near $1.1571 after ECB President Mario Draghi said policymakers would begin discussing changes to quantitative easing in the autumn. The ECB held rates at 0.00% and reiterated it could expand its stimulus if needed.

- Date: 2017-07-20 · published 2017-07-20T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70186-euro-surges-against-dollar-as-draghi-says-qe-tightening-talks-will-start-in
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of QE tapering support the euro against the dollar, which tends to firm dollar-priced commodities and reduces the cost of US exports to Europe.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-08-26 | [Euro: ECB tightening outlook offers support against US Dollar - BNY](https://feedsoft.ai/events/18099-euro-ecb-tightening-outlook-offers-support-against-us-dollar-bny.md) | -0.7% | -2.4% |
| EURUSD | 2026-07-27 | [Euro: September hike outlook offers support against US Dollar – UOB](https://feedsoft.ai/events/18560-euro-september-hike-outlook-offers-support-against-us-dollar-uob.md) | +1.2% | +2.6% |
| EURUSD | 2017-06-28 | [Euro sees a roller-coaster ride post-Draghi as dollar bulls start to throw in the towel](https://feedsoft.ai/events/70715-euro-sees-a-roller-coaster-ride-post-draghi-as-dollar-bulls-start-to-throw-in.md) | +0.3% | +2.9% |
| EURUSD | 2023-04-13 | [Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg](https://feedsoft.ai/events/36584-euro-surges-to-strongest-in-a-year-as-fed-cut-bets-batter-dollar-bloomberg.md) | -0.3% | -0.2% |
| EURUSD | 2018-01-24 | [Draghi concerned at euro's rise against dollar \| AGENCE EUROPE](https://feedsoft.ai/events/67188-draghi-concerned-at-euro-s-rise-against-dollar-agence-europe.md) | +0.9% | +0.3% |
| DXY | 2026-08-26 | [Euro: ECB tightening outlook offers support against US Dollar - BNY](https://feedsoft.ai/events/18099-euro-ecb-tightening-outlook-offers-support-against-us-dollar-bny.md) | +0.4% | +1.6% |
| DXY | 2017-06-28 | [Euro sees a roller-coaster ride post-Draghi as dollar bulls start to throw in the towel](https://feedsoft.ai/events/70715-euro-sees-a-roller-coaster-ride-post-draghi-as-dollar-bulls-start-to-throw-in.md) | +0.1% | -1.9% |
| DXY | 2023-04-13 | [Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg](https://feedsoft.ai/events/36584-euro-surges-to-strongest-in-a-year-as-fed-cut-bets-batter-dollar-bloomberg.md) | +0.3% | -0.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/07/20/euro-surges-as-draghi-comments-on-ecb-asset-purchases.html

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