# Euro's losses deepen as markets take dim view of ECB stance | Financial Post

> The euro extended losses after euro zone inflation rose to 4.1% in October, beating forecasts and matching the series high. Investors judged that ECB President Lagarde's dovish stance did not resist market bets on rate hikes, and Italian bond yields rose again.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: macro · region Euro Zone · magnitude low
- Page: https://feedsoft.ai/events/7160-euro-s-losses-deepen-as-markets-take-dim-view-of-ecb-stance-financial-post
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of earlier ECB tightening support the euro, but a dovish ECB undercuts that support, leaving EUR/USD weaker and making dollar-priced imports from Europe relatively cheaper.

## Read by commodity

- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2021-10-29 | 1 | -1.1% | -4.4 | Same-day euro losses as euro zone inflation hit 4.1% while markets judged Lagarde's dovish stance as failing to resist rate-hike bets, which pushed the euro lower (sentiment/currency). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-10-29 | [Euro falls to four-week low as ECB flags easing in December \| Financial Post](https://feedsoft.ai/events/50839-euro-falls-to-four-week-low-as-ecb-flags-easing-in-december-financial-post.md) | -0.2% | +1.7% |
| EURUSD | 2020-04-29 | [Money market stress adds to case for more ECB action \| Financial Post](https://feedsoft.ai/events/53852-money-market-stress-adds-to-case-for-more-ecb-action-financial-post.md) | +0.1% | +1.2% |
| EURUSD | 2021-02-02 | [Dollar stands tall on better U.S. outlook vs Europe \| Financial Post](https://feedsoft.ai/events/48853-dollar-stands-tall-on-better-u-s-outlook-vs-europe-financial-post.md) | -0.2% | +0.1% |
| EURUSD | 2021-06-29 | [ECB Charts Lone Crisis Stimulus in Choppy Wake of Shifting Fed \| Financial Post](https://feedsoft.ai/events/46809-ecb-charts-lone-crisis-stimulus-in-choppy-wake-of-shifting-fed-financial-post.md) | -1.0% | -0.9% |
| EURUSD | 2020-10-28 | [Euro dips on French lockdown fears, U.S. vote drives volatility gauges up \| Financial Post](https://feedsoft.ai/events/50840-euro-dips-on-french-lockdown-fears-u-s-vote-drives-volatility-gauges-up.md) | -0.9% | +0.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/euros-losses-deepen-as-markets-take-dim-view-of-ecb-stance

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