# ECB says markets over-reacted to Draghi’s stimulus signals – The Irish Times

> Senior ECB figures said markets misjudged Draghi's remarks on withdrawing stimulus. The euro fell 0.2 percent to $1.1320 after reaching a 2017 high of $1.1366, and euro-zone bond yields cooled.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/70717-ecb-says-markets-over-reacted-to-draghi-s-stimulus-signals-the-irish-times
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The reversal of the euro rally reduces near-term support for dollar-priced commodities and eases pressure on the dollar's weakness trend.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-12-10 | [ECB boosts economic stimulus package as Covid-19 hits recovery – The Irish Times](https://feedsoft.ai/events/49857-ecb-boosts-economic-stimulus-package-as-covid-19-hits-recovery-the-irish-times.md) | +0.8% | +0.7% |
| EURUSD | 2019-07-25 | [Mario Draghi gives market hint of ECB stimulus in September – as it happened](https://feedsoft.ai/events/58311-mario-draghi-gives-market-hint-of-ecb-stimulus-in-september-as-it-happened.md) | -0.1% | -0.4% |
| EURUSD | 2019-02-15 | [Euro falls after ECB official says fresh round of loans possible – The Irish Times](https://feedsoft.ai/events/60822-euro-falls-after-ecb-official-says-fresh-round-of-loans-possible-the-irish-times.md) | +0.5% | +0.5% |
| EURUSD | 2022-01-28 | [Global Market Insights: Markets, currencies react to central banks’ signals; TSX earnings rise seen \| article](https://feedsoft.ai/events/43393-global-market-insights-markets-currencies-react-to-central-banks-signals-tsx.md) | +2.5% | +1.1% |
| EURUSD | 2018-06-14 | [Here’s how the ECB just breathed new life into the dollar rally, analysts say - MarketWatch](https://feedsoft.ai/events/64721-here-s-how-the-ecb-just-breathed-new-life-into-the-dollar-rally-analysts-say.md) | -1.6% | -0.8% |
| DXY | 2023-03-08 | [The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch](https://feedsoft.ai/events/37056-the-u-s-dollar-bounces-to-2023-high-as-fed-s-powell-signals-higher-rates.md) | -0.4% | -1.9% |
| DXY | 2020-08-18 | [Dollar extends gain but shares retreat as Fed signals stimulus](https://feedsoft.ai/events/51791-dollar-extends-gain-but-shares-retreat-as-fed-signals-stimulus.md) | +0.1% | -1.0% |
| DXY | 2022-01-28 | [Global Market Insights: Markets, currencies react to central banks’ signals; TSX earnings rise seen \| article](https://feedsoft.ai/events/43393-global-market-insights-markets-currencies-react-to-central-banks-signals-tsx.md) | -0.9% | -0.6% |

## Sources

- irishtimes.com: https://www.irishtimes.com/business/markets/ecb-says-markets-over-reacted-to-draghi-s-stimulus-signals-1.3136604

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