# Euro drops ahead of ECB meeting, yen looks past BOJ doves - Markets - Business Recorder

> The euro dipped below $1.16 ahead of the ECB meeting as investors awaited signals on inflation and any pushback against rate-hike expectations. The yen held near four-year lows after the Bank of Japan kept its dovish stance and cut its inflation forecast.

- Date: 2021-10-28 · published 2021-10-28T12:00:00.000Z
- Category: macro · region Euro Zone · magnitude low
- Page: https://feedsoft.ai/events/7161-euro-drops-ahead-of-ecb-meeting-yen-looks-past-boj-doves-markets-business
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A euro sell-off ahead of the ECB meeting reflects shifting rate expectations that move the dollar and the cost of dollar-priced feed imports.

## Read by commodity

- EURUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-08-21 | [Euro sinks, yuan rallies in Europe - Markets - Business Recorder](https://feedsoft.ai/events/51830-euro-sinks-yuan-rallies-in-europe-markets-business-recorder.md) | -0.3% | -0.0% |
| EURUSD | 2023-08-31 | [Dollar gains on solid data, euro drops on cautious ECB comments - Markets - Business Recorder](https://feedsoft.ai/events/34781-dollar-gains-on-solid-data-euro-drops-on-cautious-ecb-comments-markets-business.md) | -2.0% | -3.2% |
| EURUSD | 2021-01-29 | [Safe-haven dollar looks to end week strong as market jitters persist - Markets - Business Recorder](https://feedsoft.ai/events/49396-safe-haven-dollar-looks-to-end-week-strong-as-market-jitters-persist-markets.md) | -1.2% | -0.2% |
| EURUSD | 2021-03-26 | [Dollar buoyant as economic outlook brightens, doubts surround euro - Markets - Business Recorder](https://feedsoft.ai/events/48341-dollar-buoyant-as-economic-outlook-brightens-doubts-surround-euro-markets.md) | -0.0% | +2.0% |
| EURUSD | 2024-09-23 | [Euro drops as glum PMI readings stoke bets on more ECB easing  - The Business Times](https://feedsoft.ai/events/28529-euro-drops-as-glum-pmi-readings-stoke-bets-on-more-ecb-easing-the-business-times.md) | 0.0% | -3.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40129691

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