◂ Event Timeline

Mar 1, 2026MACROEurope

ECB Will Assess Impact of Euro Strength in March, Cipollone Says

ECB Executive Board member Piero Cipollone said the bank will assess the effects of the euro's recent rally on consumer prices in its March quarterly forecasts. He noted that recent currency moves have been fairly limited.

WHY IT MATTERS

The March projections may clarify the ECB's policy path, which affects the euro and dollar, but the limited currency moves imply small near-term price effects.

AFFECTSEuro (USD per EUR)◆

SOURCE
bloomberg.comMark SchroersMar 1, 2026

Price reaction & history

Euro (USD per EUR)◆neutralSO FAR1d -1.1%5d -1.8%20d -2.6%

After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% over 20.

Jun 16, 2025ECB relaxed about euro strength, risk of too low inflation, de Guindos says-0.2%
Mar 1, 2026ECB Has Yet to See Full Impact of Euro Appreciation, Kazaks Says-1.8%
Sep 8, 2020ECB will struggle to rein in the euro, say investors+0.5%
Dec 12, 2019EUR & ECB: The funding characteristic of the euro still intact | articles | ING THINK+0.2%
Apr 30, 2026Traders temper euro zone rate hike bets as ECB grapples with Iran war impact | MarketScreener+0.5%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Euro (USD per EUR) EURUSD · GP ▸

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