# Market fits highlight central bankers' difficult task | AP News

> Draghi's comments that the euro-area recovery was firming and broadening, and that stimulus withdrawal would be prudent and gradual, were read as a sign the ECB would phase out measures faster than expected. The euro and bond yields rose sharply for two days.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70714-market-fits-highlight-central-bankers-difficult-task-ap-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A faster expected ECB exit pushed the euro higher and the dollar lower, shifting currency-driven demand for US and other exported feed commodities.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-12-15 | [European Central Bank slows rate hikes but vows more ahead \| AP News](https://feedsoft.ai/events/38437-european-central-bank-slows-rate-hikes-but-vows-more-ahead-ap-news.md) | -0.5% | +1.5% |
| EURUSD | 2023-06-15 | [European Central Bank hikes rates again and vows more after US Fed hits pause \| AP News](https://feedsoft.ai/events/35700-european-central-bank-hikes-rates-again-and-vows-more-after-us-fed-hits-pause.md) | +0.9% | +3.5% |
| EURUSD | 2022-07-21 | [Europe's central bank backs larger-than-expected rate hike \| AP News](https://feedsoft.ai/events/40711-europe-s-central-bank-backs-larger-than-expected-rate-hike-ap-news.md) | -1.1% | -0.5% |
| EURUSD | 2017-06-30 | [Markets Continue To Adjust To Hawkish Shift From Central Banks - ActionForex](https://feedsoft.ai/events/70754-markets-continue-to-adjust-to-hawkish-shift-from-central-banks-actionforex.md) | -0.2% | +2.9% |
| EURUSD | 2018-08-17 | [Euro nudges higher as U.S.-China trade talks calm market nerves](https://feedsoft.ai/events/63735-euro-nudges-higher-as-u-s-china-trade-talks-calm-market-nerves.md) | +1.6% | +2.4% |
| DXY | 2025-01-23 | [Dollar dips after Trump comments as markets eye tariffs, central banks \| Reuters](https://feedsoft.ai/events/12674-dollar-dips-after-trump-comments-as-markets-eye-tariffs-central-banks-reuters.md) | +0.0% | -1.0% |
| DXY | 2023-06-15 | [European Central Bank hikes rates again and vows more after US Fed hits pause \| AP News](https://feedsoft.ai/events/35700-european-central-bank-hikes-rates-again-and-vows-more-after-us-fed-hits-pause.md) | -0.0% | -1.5% |
| DXY | 2022-07-21 | [Europe's central bank backs larger-than-expected rate hike \| AP News](https://feedsoft.ai/events/40711-europe-s-central-bank-backs-larger-than-expected-rate-hike-ap-news.md) | +0.2% | -0.4% |

## Sources

- apnews.com: https://apnews.com/general-news-282126838ccd44a29ec8970b1c02e06d

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