# Best day in 5-years for EUR/USD ahead of the March ECB meeting

> EUR/USD posted its best one-day gain in five years, rising nearly three standard deviations after the euro had fallen below 1.0800 to a 22-month low. The rally was linked to signs that Ukraine was open to neutrality, and the DAX gained over 8%. Attention then turned to the ECB decision and US inflation data.

- Date: 2022-03-10 · published 2022-03-10T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/9525-best-day-in-5-years-for-eur-usd-ahead-of-the-march-ecb-meeting
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Central bank guidance on asset purchases and rate timing shapes dollar strength and the cost of dollar-priced commodities. Persistent inflation warnings support firm commodity prices in general.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-03-09 | 1 | +1.7% | 3.6 | Describes the record EUR/USD one-day rally tied to Ukraine neutrality signals and equity rebound; dated 03-10 and likely covers the same rally, so partly overlaps with the 03-09 move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-08-31 | [Euro Looks for Direction on Red-Hot Inflation Ahead of ECB Meeting](https://feedsoft.ai/events/45764-euro-looks-for-direction-on-red-hot-inflation-ahead-of-ecb-meeting.md) | +0.5% | -1.0% |
| EURUSD | 2022-02-03 | [EUR/USD: A new range after the ECB meeting \| articles \| ING THINK](https://feedsoft.ai/events/9872-eur-usd-a-new-range-after-the-ecb-meeting-articles-ing-think.md) | +1.2% | -2.2% |
| EURUSD | 2021-10-28 | [Euro Has Best Day In 5 Months, While U.S. GDP Overshadows ECB \| Investing.com](https://feedsoft.ai/events/44757-euro-has-best-day-in-5-months-while-u-s-gdp-overshadows-ecb-investing-com.md) | -0.1% | -2.6% |
| 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% |
| EURUSD | 2025-10-01 | [Euro Heads for Highest in Four Years With $1.20 Level in Sight](https://feedsoft.ai/events/23100-euro-heads-for-highest-in-four-years-with-1-20-level-in-sight.md) | -0.5% | -0.6% |
| DXY | 2021-08-31 | [Euro Looks for Direction on Red-Hot Inflation Ahead of ECB Meeting](https://feedsoft.ai/events/45764-euro-looks-for-direction-on-red-hot-inflation-ahead-of-ecb-meeting.md) | -0.2% | +0.9% |
| DXY | 2023-01-27 | [Are there any positives for the pound ahead of the Bank of England meeting?](https://feedsoft.ai/events/38023-are-there-any-positives-for-the-pound-ahead-of-the-bank-of-england-meeting.md) | -0.6% | +2.1% |
| DXY | 2017-07-16 | [FX Week Ahead: Is It 'End Of Days' For The Greenback? \| Investing.com UK](https://feedsoft.ai/events/70282-fx-week-ahead-is-it-end-of-days-for-the-greenback-investing-com-uk.md) | -0.6% | -0.8% |

## Sources

- forex.com: https://www.forex.com/en/news-and-analysis/best-day-in-5-years-for-eurusd-ahead-of-the-march-ecb-meeting/

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