# Mario Draghi confident over euro zone growth – The Irish Times

> Draghi told the ECB Sintra conference that the euro-area recovery is strengthening and broadening, and that deflationary forces have been replaced by reflationary ones. The euro rose 0.7 percent to $1.1258, its highest since June 2014, as speculation grew that stimulus could be scaled back.

- Date: 2017-06-27 · published 2017-06-27T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70720-mario-draghi-confident-over-euro-zone-growth-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

Speculation of earlier ECB stimulus withdrawal lifts the euro and weakens the dollar, a currency shift that affects dollar-priced feed commodity values and export competitiveness.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-06-28 | [Euro touches one-year high as markets react to Draghi – The Irish Times](https://feedsoft.ai/events/70719-euro-touches-one-year-high-as-markets-react-to-draghi-the-irish-times.md) | +0.3% | +2.9% |
| EURUSD | 2017-03-10 | [Markets rally as Mario Draghi signals eurozone upturn](https://feedsoft.ai/events/72203-markets-rally-as-mario-draghi-signals-eurozone-upturn.md) | +1.4% | +0.6% |
| EURUSD | 2017-07-01 | [The pound and the euro jump as Carney and Draghi appear hawkish](https://feedsoft.ai/events/70753-the-pound-and-the-euro-jump-as-carney-and-draghi-appear-hawkish.md) | -0.1% | +3.6% |
| 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 | 2018-09-24 | [Euro rises sharply as ECB's Draghi views tighter labor market](https://feedsoft.ai/events/63251-euro-rises-sharply-as-ecb-s-draghi-views-tighter-labor-market.md) | -1.0% | -2.3% |
| DXY | 2017-06-28 | [Euro touches one-year high as markets react to Draghi – The Irish Times](https://feedsoft.ai/events/70719-euro-touches-one-year-high-as-markets-react-to-draghi-the-irish-times.md) | +0.1% | -1.9% |
| DXY | 2017-07-01 | [The pound and the euro jump as Carney and Draghi appear hawkish](https://feedsoft.ai/events/70753-the-pound-and-the-euro-jump-as-carney-and-draghi-appear-hawkish.md) | +0.2% | -1.9% |
| 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% |

## Sources

- irishtimes.com: https://www.irishtimes.com/business/economy/mario-draghi-confident-over-euro-zone-growth-1.3135319

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