# Markets rally as Mario Draghi signals eurozone upturn

> Markets rallied after Draghi removed the phrase pledging to act with all available instruments, signalling less need for stimulus. German 10-year yields rose about 5 basis points and the euro climbed to around $1.06, while the ECB kept purchases running until December.

- Date: 2017-03-10 · published 2017-03-10T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/72203-markets-rally-as-mario-draghi-signals-eurozone-upturn
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer euro and higher euro-zone yields reduce the dollar cost of European imports and shift currency flows, which matters for feed-import pricing and trade margins.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-06-28 | [Euro touches one-year high as markets react to Draghi – The Irish Times](https://feedsoft.ai/events/70719-euro-touches-one-year-high-as-markets-react-to-draghi-the-irish-times.md) | +0.3% | +2.9% |
| EURUSD | 2018-09-24 | [Euro rises sharply as ECB's Draghi views tighter labor market](https://feedsoft.ai/events/63251-euro-rises-sharply-as-ecb-s-draghi-views-tighter-labor-market.md) | -1.0% | -2.3% |
| EURUSD | 2017-09-07 | [European markets buoyed by ECB inaction; all eyes on Draghi \| AP News](https://feedsoft.ai/events/69159-european-markets-buoyed-by-ecb-inaction-all-eyes-on-draghi-ap-news.md) | -0.4% | -1.5% |
| EURUSD | 2017-06-27 | [Mario Draghi confident over euro zone growth – The Irish Times](https://feedsoft.ai/events/70720-mario-draghi-confident-over-euro-zone-growth-the-irish-times.md) | +1.5% | +4.1% |
| EURUSD | 2023-12-13 | [Dollar drops as Fed signals coming rate cuts](https://feedsoft.ai/events/8296-dollar-drops-as-fed-signals-coming-rate-cuts.md) | +1.7% | +1.4% |

## Sources

- irishexaminer.com: https://www.irishexaminer.com/business/arid-20444840.html

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