# ECB Has Yet to See Full Impact of Euro Appreciation, Kazaks Says

> ECB Executive Board commentary indicated that the euro's strengthening over the past year will likely fully feed into the economy toward late spring, according to an interview in Riga. The comments reflect the lagged effect of currency moves of roughly 12 months.

- Date: 2026-03-01 · published 2026-03-01T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/20806-ecb-has-yet-to-see-full-impact-of-euro-appreciation-kazaks-says
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A strong euro lowers eurozone import costs and dampens inflation, which can reduce European demand for imported feed ingredients over time.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-12-10 | [ECB to monitor euro appreciation 'very carefully': Lagarde](https://feedsoft.ai/events/49856-ecb-to-monitor-euro-appreciation-very-carefully-lagarde.md) | +0.8% | +0.7% |
| EURUSD | 2026-03-01 | [ECB Will Assess Impact of Euro Strength in March, Cipollone Says](https://feedsoft.ai/events/20809-ecb-will-assess-impact-of-euro-strength-in-march-cipollone-says.md) | -1.8% | -2.6% |
| EURUSD | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | -0.7% | +2.3% |
| EURUSD | 2025-06-16 | [ECB relaxed about euro strength, risk of too low inflation, de Guindos says](https://feedsoft.ai/events/24434-ecb-relaxed-about-euro-strength-risk-of-too-low-inflation-de-guindos-says.md) | -0.2% | +0.5% |
| EURUSD | 2019-12-12 | [EUR & ECB: The funding characteristic of the euro still intact \| articles \| ING THINK](https://feedsoft.ai/events/55781-eur-and-ecb-the-funding-characteristic-of-the-euro-still-intact-articles-ing.md) | +0.2% | +0.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-02-13/ecb-has-yet-to-see-full-impact-of-euro-appreciation-kazaks-says

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