# Euro Traders Signal Skepticism Over ECB’s Rate-Hike Plans - Bloomberg

> The euro shrugged off the European Central Bank's most hawkish messaging in more than a decade and its planned exit from negative borrowing costs. The currency then fell on Friday, breaking below $1.06 for the first time in nearly two decades.

- Date: 2022-06-09 · published 2022-06-09T12:00:00.000Z
- Category: macro · region Euro zone · magnitude low
- Page: https://feedsoft.ai/events/9633-euro-traders-signal-skepticism-over-ecb-s-rate-hike-plans-bloomberg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Traders doubt the ECB can tighten enough to support the euro against the dollar, so a weaker euro raises the dollar cost of euro-zone feed imports and keeps dollar strength in focus for US export pricing.

## Read by commodity

- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-06-15 | 5 | -3.3% | -3.6 | Market skepticism about the ECB's hike plans meant the hawkish messaging failed to support the euro, which broke below $1.06 and started the slide. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-09-09 | [EUR USD: Euro Trading Is All About the Energy Crisis, Not ECB Rate Hikes - Bloomberg](https://feedsoft.ai/events/39799-eur-usd-euro-trading-is-all-about-the-energy-crisis-not-ecb-rate-hikes-bloomberg.md) | +0.4% | -1.5% |
| EURUSD | 2026-08-26 | [Euro falls despite report signaling ECB rate hike](https://feedsoft.ai/events/18102-euro-falls-despite-report-signaling-ecb-rate-hike.md) | -0.7% | -2.4% |
| EURUSD | 2021-01-28 | [ECB in ‘Currency War’ Over Euro, Commerzbank Strategist Says - Bloomberg](https://feedsoft.ai/events/49375-ecb-in-currency-war-over-euro-commerzbank-strategist-says-bloomberg.md) | -0.6% | +1.1% |
| EURUSD | 2023-05-03 | [ECB slows rate hike pace but signals more to come](https://feedsoft.ai/events/36153-ecb-slows-rate-hike-pace-but-signals-more-to-come.md) | -0.4% | -3.1% |
| EURUSD | 2024-04-09 | [ECB-Fed Rates Split Ignites Talk of Euro Sliding to Dollar Parity - Bloomberg](https://feedsoft.ai/events/9973-ecb-fed-rates-split-ignites-talk-of-euro-sliding-to-dollar-parity-bloomberg.md) | -1.9% | -0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-06-09/euro-traders-signal-skepticism-over-ecb-s-rate-hike-promises

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