# ECB out-doving the Fed boosts euro's allure as funder of carry trades - The Business Times

> Euro-funded carry trades have gained as the ECB stays more dovish than the Fed, which signalled possible tapering this year. Some investors are using the euro to finance emerging-market currency purchases.

- Date: 2021-08-29 · published 2021-08-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/45767-ecb-out-doving-the-fed-boosts-euro-s-allure-as-funder-of-carry-trades-the
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Euro funding flows affect the euro and emerging-market currencies, which can influence local-currency import costs for feed buyers. The direct effect on grain prices is limited.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-09-23 | [Euro drops as glum PMI readings stoke bets on more ECB easing  - The Business Times](https://feedsoft.ai/events/28529-euro-drops-as-glum-pmi-readings-stoke-bets-on-more-ecb-easing-the-business-times.md) | 0.0% | -3.0% |
| EURUSD | 2022-12-15 | [Dollar gains after hawkish Fed, pound under pressure from dovish BOE - The Business Times](https://feedsoft.ai/events/38479-dollar-gains-after-hawkish-fed-pound-under-pressure-from-dovish-boe-the.md) | -0.5% | +1.5% |
| EURUSD | 2023-01-29 | [Dollar clings to gains after US data; traders eye upcoming Fed meetings - The Business Times](https://feedsoft.ai/events/38005-dollar-clings-to-gains-after-us-data-traders-eye-upcoming-fed-meetings-the.md) | -0.3% | -2.4% |
| EURUSD | 2019-03-04 | [US dollar extends rising streak even as euro slips - The Business Times](https://feedsoft.ai/events/60270-us-dollar-extends-rising-streak-even-as-euro-slips-the-business-times.md) | -1.2% | -1.3% |
| EURUSD | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | -0.2% | -2.0% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/ecb-out-doving-the-fed-boosts-euros-allure-as-funder-of-carry-trades

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