# Euro firms to 1-month high after ECB rate hike talk; dollar drifts - The HinduBusinessLine

> The euro rose to a one-month high near $1.0699 after some ECB policymakers raised the possibility of rate hikes before bond purchases end. Markets also priced in a more than 90% chance of a Federal Reserve rate increase that week after strong US payrolls.

- Date: 2017-03-13 · published 2017-03-13T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/72202-euro-firms-to-1-month-high-after-ecb-rate-hike-talk-dollar-drifts-the
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of Fed tightening support the dollar and weigh on dollar-priced commodities, while the euro's rise reflects ECB hike speculation that is not yet broadly backed.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | +2.0% | +2.9% |
| EURUSD | 2018-01-25 | [Dollar stung by Mnuchin comments, euro awaits ECB's currency views - The HinduBusinessLine](https://feedsoft.ai/events/67193-dollar-stung-by-mnuchin-comments-euro-awaits-ecb-s-currency-views-the.md) | +0.3% | -0.5% |
| EURUSD | 2021-09-02 | [Dollar lower after initial claims, euro at one-month high](https://feedsoft.ai/events/45269-dollar-lower-after-initial-claims-euro-at-one-month-high.md) | -0.2% | -2.3% |
| EURUSD | 2020-02-27 | [Dollar retreats as coronavirus fallout raises expectations of rate cut - The HinduBusinessLine](https://feedsoft.ai/events/54780-dollar-retreats-as-coronavirus-fallout-raises-expectations-of-rate-cut-the.md) | +2.2% | -0.5% |
| EURUSD | 2022-05-23 | [Dollar Vs. Euro: Greenback Hits One-Month Low As ECB Eyes Rate Hikes - Markets Insider](https://feedsoft.ai/events/41613-dollar-vs-euro-greenback-hits-one-month-low-as-ecb-eyes-rate-hikes-markets.md) | +1.4% | -0.1% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2020-03-02 | [Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine](https://feedsoft.ai/events/6185-dollar-takes-a-back-seat-as-markets-bet-on-fed-rate-cuts-the-hindubusinessline.md) | -0.8% | +4.0% |
| DXY | 2018-01-25 | [Dollar stung by Mnuchin comments, euro awaits ECB's currency views - The HinduBusinessLine](https://feedsoft.ai/events/67193-dollar-stung-by-mnuchin-comments-euro-awaits-ecb-s-currency-views-the.md) | -0.3% | +0.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/euro-firms-to-1month-high-after-ecb-rate-hike-talk-dollar-drifts/article9581897.ece

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