# Daily summary: Hawkish ECB and dovish Fed push EURUSD to 1.10 | XTB

> EUR/USD rose to 1.10 after a hawkish ECB and dovish Fed. Wall Street indices rose to record highs, the Norges Bank unexpectedly hiked by 25 basis points, and the Bank of England held at 5.25%. US retail sales and jobless claims also beat expectations.

- Date: 2023-12-14 · published 2023-12-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/8301-daily-summary-hawkish-ecb-and-dovish-fed-push-eurusd-to-1-10-xtb
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency and rate moves across major central banks shift the dollar's broad trend, which influences the dollar cost of imported feed inputs and export competitiveness.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2023-12-14 | 1 | +1.9% | 3.9 | Summary of the day attributes EUR/USD's rise to 1.10 to the combination of a hawkish ECB and dovish Fed, matching the move's timing and magnitude. |
| DXY | 2023-12-14 | 1 | -1.3% | -3.8 | A hawkish ECB combined with a dovish Fed pushed EUR/USD to 1.10, adding to dollar weakness on the day alongside risk-on equity gains. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-08-26 | [Euro zone bond yields shoot up to two-months highs on hawkish ECB, Fed \| Reuters](https://feedsoft.ai/events/40250-euro-zone-bond-yields-shoot-up-to-two-months-highs-on-hawkish-ecb-fed-reuters.md) | -0.1% | -2.4% |
| EURUSD | 2023-12-14 | [US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB](https://feedsoft.ai/events/8303-us-dollar-forecast-eur-usd-rally-persists-following-fed-and-ecb.md) | +1.5% | +1.5% |
| EURUSD | 2021-03-11 | [EUR and ECB: Dovish for bonds, but not for EUR \| articles \| ING THINK](https://feedsoft.ai/events/48339-eur-and-ecb-dovish-for-bonds-but-not-for-eur-articles-ing-think.md) | +0.0% | -0.1% |
| EURUSD | 2024-02-26 | [EUR/USD climbs to fresh daily top around, mid-1.0800s amid modest USD selling](https://feedsoft.ai/events/31881-eur-usd-climbs-to-fresh-daily-top-around-mid-1-0800s-amid-modest-usd-selling.md) | +0.0% | -0.1% |
| EURUSD | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | -0.4% | -2.0% |
| DXY | 2024-08-26 | [AUD/USD surges with dovish Fed and hawkish RBA stance on inflation \| IG International](https://feedsoft.ai/events/29061-aud-usd-surges-with-dovish-fed-and-hawkish-rba-stance-on-inflation-ig.md) | +0.7% | -0.0% |
| DXY | 2023-12-14 | [US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB](https://feedsoft.ai/events/8303-us-dollar-forecast-eur-usd-rally-persists-following-fed-and-ecb.md) | -1.3% | -1.3% |
| DXY | 2021-03-11 | [EUR and ECB: Dovish for bonds, but not for EUR \| articles \| ING THINK](https://feedsoft.ai/events/48339-eur-and-ecb-dovish-for-bonds-but-not-for-eur-articles-ing-think.md) | -0.4% | -0.3% |

## Sources

- xtb.com: https://www.xtb.com/en/market-analysis/daily-summary-hawkish-ecb-and-dovish-fed-push-eurusd-to-1-10

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