# EUR: ECB normalisation sequence matters - Nomura — Octa

> Nomura analysts argue that the pace and sequence of ECB policy normalisation will shape the size of any euro recovery later in 2017, with early rate hikes before tapering seen as more euro-positive. They note that the timing is expected to matter after the French elections.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/72198-eur-ecb-normalisation-sequence-matters-nomura-octa
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger euro from earlier ECB tightening would make dollar-priced US feed grains and soymeal more expensive for European buyers, though the effect is a forecast rather than a current event.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-02 | [Inflation shock and ECB hawks keep euro near 1-month high \| Reuters](https://feedsoft.ai/events/45264-inflation-shock-and-ecb-hawks-keep-euro-near-1-month-high-reuters.md) | -0.2% | -2.3% |
| EURUSD | 2022-02-02 | [Record euro zone inflation piles pressure on ECB \| Reuters](https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters.md) | +1.6% | -1.2% |
| EURUSD | 2026-07-30 | [Euro: Strong GDP supports September ECB hike – BBH — Octa](https://feedsoft.ai/events/7692-euro-strong-gdp-supports-september-ecb-hike-bbh-octa.md) | +1.4% | +2.3% |
| EURUSD | 2017-12-29 | [EUR is growing up - SocGen — Octa](https://feedsoft.ai/events/67686-eur-is-growing-up-socgen-octa.md) | +0.7% | +3.3% |
| EURUSD | 2022-12-14 | [EUR/USD Turns to the Fed & the ECB, After Tuesday’s Jump on Softer US CPI Inflation \| FXCM Markets](https://feedsoft.ai/events/38442-eur-usd-turns-to-the-fed-and-the-ecb-after-tuesday-s-jump-on-softer-us-cpi.md) | +0.0% | +1.8% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/426460/

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