# A falling euro is not the ECB’s biggest headache | articles | ING THINK

> ING says the falling euro is not the ECB's main concern ahead of a June rate cut. US inflation came in higher than expected, which has led some ECB hawks to reconsider the June cut.

- Date: 2024-04-17 · published 2024-04-17T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/30944-a-falling-euro-is-not-the-ecb-s-biggest-headache-articles-ing-think
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US inflation supports the dollar and raises the cost of dollar-priced imports for euro-area feed buyers, while the rate outlook shapes currency-driven price swings.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-03-12 | [ECB & EUR: Pouring oil into the fire \| articles \| ING THINK](https://feedsoft.ai/events/54328-ecb-and-eur-pouring-oil-into-the-fire-articles-ing-think.md) | -4.0% | -3.7% |
| EURUSD | 2022-03-16 | [EUR/USD: Not as cheap as it looks \| articles \| ING THINK](https://feedsoft.ai/events/42470-eur-usd-not-as-cheap-as-it-looks-articles-ing-think.md) | +0.4% | -1.1% |
| EURUSD | 2022-12-16 | [FX Daily: ECB slams brakes on growth and the euro \| articles \| ING THINK](https://feedsoft.ai/events/38436-fx-daily-ecb-slams-brakes-on-growth-and-the-euro-articles-ing-think.md) | -0.5% | +1.5% |
| EURUSD | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | +0.9% | +1.6% |
| EURUSD | 2024-11-21 | [FX Daily: Soft euro story dominates \| articles \| ING THINK](https://feedsoft.ai/events/27713-fx-daily-soft-euro-story-dominates-articles-ing-think.md) | +0.5% | -1.6% |
| DXY | 2022-03-16 | [EUR/USD: Not as cheap as it looks \| articles \| ING THINK](https://feedsoft.ai/events/42470-eur-usd-not-as-cheap-as-it-looks-articles-ing-think.md) | -1.0% | -0.7% |
| DXY | 2022-12-16 | [FX Daily: ECB slams brakes on growth and the euro \| articles \| ING THINK](https://feedsoft.ai/events/38436-fx-daily-ecb-slams-brakes-on-growth-and-the-euro-articles-ing-think.md) | -0.3% | -2.7% |
| DXY | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | -0.6% | -1.8% |

## Sources

- think.ing.com: https://think.ing.com/articles/falling-euro-is-not-even-the-ecbs-biggest-headache/

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