# EUR/USD: ECB dovish repricing not necessarily a damper – ING: Analytics and Market news from 1 December 2023 11:51

> ING analysts say markets now price a first ECB rate cut in April, and further dovish repricing will be harder from here. EUR/USD has returned to 1.09. The two-year EUR-USD swap spread is at its narrowest since December 2022.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: macro · region Euro zone · magnitude low
- Page: https://feedsoft.ai/events/32930-eur-usd-ecb-dovish-repricing-not-necessarily-a-damper-ing-analytics-and-market
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Narrowing short-term rate differentials can pressure the euro and lift the dollar, which affects dollar-priced commodity values. The direct effect on feed prices is limited.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-10-31 | [EUR/USD: High inflation to dampen the risk of a sharper euro sell-off – MUFG: Analytics and Market news from 31 October 2022 14:35](https://feedsoft.ai/events/39366-eur-usd-high-inflation-to-dampen-the-risk-of-a-sharper-euro-sell-off-mufg.md) | -0.4% | +4.2% |
| EURUSD | 2021-12-01 | [ECB concerned economic outlook too murky to decide on recalibrating APP in March - Reuters: Analytics and Market news from 1 December 2021 12:47](https://feedsoft.ai/events/43834-ecb-concerned-economic-outlook-too-murky-to-decide-on-recalibrating-app-in.md) | -0.4% | +0.4% |
| EURUSD | 2023-10-30 | [Ingredients Market Report: November 2023 - Unicorn Ingredients](https://feedsoft.ai/events/33753-ingredients-market-report-november-2023-unicorn-ingredients.md) | +1.3% | +3.9% |
| EURUSD | 2021-08-17 | [There’s a non-pandemic catalyst set to drive the dollar, pound and euro for the rest of 2021 - MarketWatch](https://feedsoft.ai/events/45808-there-s-a-non-pandemic-catalyst-set-to-drive-the-dollar-pound-and-euro-for-the.md) | -0.4% | +0.4% |
| EURUSD | 2021-02-09 | [Euroflation: the EUR reflation trade and its market implications \| articles \| ING THINK](https://feedsoft.ai/events/48857-euroflation-the-eur-reflation-trade-and-its-market-implications-articles-ing.md) | +0.5% | -1.3% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3923643

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