# Why some ECB officials are suddenly concerned about the weak euro | snaps | ING THINK

> Several ECB officials, including Bundesbank-style concern voiced by Villeroy and board member Schnabel, have publicly worried about the weakening euro. The euro has fallen about 5% against the dollar since March and roughly 13% over the past year.

- Date: 2022-05-23 · published 2022-05-23T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/41609-why-some-ecb-officials-are-suddenly-concerned-about-the-weak-euro-snaps-ing
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker euro raises eurozone import costs, including feed ingredients priced in dollars, and adds inflation pressure that may push the ECB toward tightening, which can support the euro over time.

## Read by commodity

- DXY: neutral
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-01-26 | [Top European officials are slamming Mnuchin's comments on a weaker dollar](https://feedsoft.ai/events/67187-top-european-officials-are-slamming-mnuchin-s-comments-on-a-weaker-dollar.md) | -0.0% | -1.5% |
| EURUSD | 2017-08-30 | [The ECB can do little to stop the euro’s rise \| articles \| ING THINK](https://feedsoft.ai/events/69663-the-ecb-can-do-little-to-stop-the-euro-s-rise-articles-ing-think.md) | -0.7% | -2.3% |
| EURUSD | 2022-01-31 | [Why AUD And EUR Are Soaring Into RBA, ECB \| Investing.com](https://feedsoft.ai/events/43384-why-aud-and-eur-are-soaring-into-rba-ecb-investing-com.md) | +2.6% | +0.6% |
| EURUSD | 2020-04-28 | [EUR & ECB crib sheet \| articles \| ING THINK](https://feedsoft.ai/events/53853-eur-and-ecb-crib-sheet-articles-ing-think.md) | +0.8% | +1.3% |
| EURUSD | 2020-12-08 | [EUR and ECB Crib Sheet \| articles \| ING THINK](https://feedsoft.ai/events/49861-eur-and-ecb-crib-sheet-articles-ing-think.md) | +0.1% | +1.0% |
| DXY | 2024-05-15 | [Watch: Why a rate-cutting ECB won’t be too worried about the euro \| ING THINK](https://feedsoft.ai/events/30473-watch-why-a-rate-cutting-ecb-won-t-be-too-worried-about-the-euro-ing-think.md) | -0.4% | +1.6% |
| DXY | 2018-02-11 | [ECB concerned about U.S. political influence on exchange rates: Nowotny](https://feedsoft.ai/events/66703-ecb-concerned-about-u-s-political-influence-on-exchange-rates-nowotny.md) | -1.1% | -0.5% |
| DXY | 2018-07-11 | [JPY: Why the yen’s at a crossroads \| articles \| ING THINK](https://feedsoft.ai/events/64287-jpy-why-the-yen-s-at-a-crossroads-articles-ing-think.md) | +0.5% | +0.4% |

## Sources

- think.ing.com: https://think.ing.com/snaps/why-some-ecb-officials-are-increasingly-concerned-about-the-weak-euro/

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