# Stocks, euro slip as ECB sets rate hikes, CPI looms | Reuters

> US and European shares slid and euro zone yields hit an eight-year high after the ECB signaled its first rate hike since 2011 and a possibly larger hike from September. Investors also awaited US consumer price data that could further shift rate expectations.

- Date: 2022-06-09 · published 2022-06-09T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9634-stocks-euro-slip-as-ecb-sets-rate-hikes-cpi-looms-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher rates and a firmer dollar tighten global financial conditions, which can weigh on commodity prices and on the euro's value against the dollar, affecting feed import costs.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-06-15 | 5 | -3.3% | -3.6 | The ECB's signaled hikes came with risk-off equity moves and pending US CPI, so the euro slipped as rate expectations shifted toward the dollar. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-06-28 | [Euro dips as markets manage expectations of ECB rate hikes \| Reuters](https://feedsoft.ai/events/41157-euro-dips-as-markets-manage-expectations-of-ecb-rate-hikes-reuters.md) | -3.3% | -4.6% |
| EURUSD | 2026-09-10 | [Euro slips as dollar rises after ECB rate hike \| MarketScreener](https://feedsoft.ai/events/17698-euro-slips-as-dollar-rises-after-ecb-rate-hike-marketscreener.md) | -0.8% | -3.8% |
| EURUSD | 2024-10-16 | [ECB lowers rates and eyes more cuts as economy sags \| Reuters](https://feedsoft.ai/events/28069-ecb-lowers-rates-and-eyes-more-cuts-as-economy-sags-reuters.md) | -0.9% | -3.0% |
| EURUSD | 2021-10-28 | [ECB's Lagarde sees higher inflation; pushes back on rate-hike bets \| Reuters](https://feedsoft.ai/events/7162-ecb-s-lagarde-sees-higher-inflation-pushes-back-on-rate-hike-bets-reuters.md) | -0.1% | -2.6% |
| EURUSD | 2021-11-16 | [Latest ECB rate-hike pushback turns euro into falling knife \| Reuters](https://feedsoft.ai/events/11948-latest-ecb-rate-hike-pushback-turns-euro-into-falling-knife-reuters.md) | -1.4% | -1.3% |
| DXY | 2022-06-28 | [Euro dips as markets manage expectations of ECB rate hikes \| Reuters](https://feedsoft.ai/events/41157-euro-dips-as-markets-manage-expectations-of-ecb-rate-hikes-reuters.md) | +2.0% | +2.2% |
| DXY | 2023-06-23 | [Stocks fall, dollar up as investors weigh more rate hikes \| Reuters](https://feedsoft.ai/events/35674-stocks-fall-dollar-up-as-investors-weigh-more-rate-hikes-reuters.md) | +0.6% | -0.7% |
| DXY | 2026-09-10 | [Euro slips as dollar rises after ECB rate hike \| MarketScreener](https://feedsoft.ai/events/17698-euro-slips-as-dollar-rises-after-ecb-rate-hike-marketscreener.md) | +0.9% | +2.9% |

## Sources

- reuters.com: https://www.reuters.com/business/global-markets-wrapup-1-2022-06-09/

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