# Markets Continue To Adjust To Hawkish Shift From Central Banks - ActionForex

> GBP/USD broke above 1.30 and approached a nine-month high as central bank commentary turned more hawkish than expected. Rising UK and European bond yields drove sterling and the euro up more than 2% against the dollar that week. Equities were under pressure as bond market moves intensified.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/70754-markets-continue-to-adjust-to-hawkish-shift-from-central-banks-actionforex
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising yields and a stronger euro and pound pressure the dollar and can dampen equity-linked risk appetite. For feed buyers, the impact runs mainly through currency-driven import costs.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-02-28 | [EUR/USD: Central banks to favor the euro - Forex Crunch](https://feedsoft.ai/events/54804-eur-usd-central-banks-to-favor-the-euro-forex-crunch.md) | +2.0% | +0.4% |
| EURUSD | 2017-06-29 | [Market fits highlight central bankers' difficult task \| AP News](https://feedsoft.ai/events/70714-market-fits-highlight-central-bankers-difficult-task-ap-news.md) | +0.4% | +2.6% |
| EURUSD | 2022-02-03 | [Euro jumps after hawkish comments from ECB's Lagarde](https://feedsoft.ai/events/9869-euro-jumps-after-hawkish-comments-from-ecb-s-lagarde.md) | +1.2% | -2.2% |
| EURUSD | 2024-03-06 | [Euro is back on the scene for global central banks](https://feedsoft.ai/events/31421-euro-is-back-on-the-scene-for-global-central-banks.md) | +0.5% | -0.8% |
| EURUSD | 2022-02-19 | [End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro \| The National](https://feedsoft.ai/events/42902-end-of-european-central-bank-s-reign-as-dovish-bastion-likely-to-spark-rebound.md) | -0.9% | -2.5% |
| DXY | 2020-02-28 | [EUR/USD: Central banks to favor the euro - Forex Crunch](https://feedsoft.ai/events/54804-eur-usd-central-banks-to-favor-the-euro-forex-crunch.md) | -0.5% | +4.3% |
| 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 | 2017-06-29 | [Market fits highlight central bankers' difficult task \| AP News](https://feedsoft.ai/events/70714-market-fits-highlight-central-bankers-difficult-task-ap-news.md) | +0.3% | -1.7% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/24523-markets-continue-to-adjust-to-hawkish-shift-from-central-banks/

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