# ECB in ‘Currency War’ Over Euro, Commerzbank Strategist Says - Bloomberg

> A Commerzbank strategist says the ECB's recent comments on the euro amount to a currency war. The euro slid after Governing Council member Klaas Knot said the bank has tools to stop further gains that undermine inflation. Officials then stressed that rate cuts are an option and said they will study whether the euro's rise reflects differences in stimulus versus the US.

- Date: 2021-01-28 · published 2021-01-28T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/49375-ecb-in-currency-war-over-euro-commerzbank-strategist-says-bloomberg
- 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 lifts the dollar, which makes US dollar-priced grains, oilseeds and meal relatively more expensive for European buyers and can soften US export demand. Feed buyers should watch for ECB rate cuts that could move the currency further.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-04-24 | [ECB's Rehn says central bank may need to lower interest rates, Bloomberg News reports](https://feedsoft.ai/events/25339-ecb-s-rehn-says-central-bank-may-need-to-lower-interest-rates-bloomberg-news.md) | -0.0% | -0.1% |
| EURUSD | 2022-06-09 | [Euro Traders Signal Skepticism Over ECB’s Rate-Hike Plans - Bloomberg](https://feedsoft.ai/events/9633-euro-traders-signal-skepticism-over-ecb-s-rate-hike-plans-bloomberg.md) | -3.3% | -5.2% |
| EURUSD | 2024-03-28 | [Currency Markets: A Decline in the Euro to Parity With the Dollar Beckons - Bloomberg](https://feedsoft.ai/events/31420-currency-markets-a-decline-in-the-euro-to-parity-with-the-dollar-beckons.md) | +0.1% | -1.2% |
| EURUSD | 2026-06-28 | [Euro’s Run Looks Over as Wall Street Targets Slide Toward $1.10 - Bloomberg](https://feedsoft.ai/events/19027-euro-s-run-looks-over-as-wall-street-targets-slide-toward-1-10-bloomberg.md) | +0.2% | -0.2% |
| EURUSD | 2024-11-12 | [(EUR/USD) Euro Parity With Dollar Is the Big New Call by Currency Analysts - Bloomberg](https://feedsoft.ai/events/7557-eur-usd-euro-parity-with-dollar-is-the-big-new-call-by-currency-analysts.md) | -1.2% | -1.8% |
| DXY | 2024-03-28 | [Currency Markets: A Decline in the Euro to Parity With the Dollar Beckons - Bloomberg](https://feedsoft.ai/events/31420-currency-markets-a-decline-in-the-euro-to-parity-with-the-dollar-beckons.md) | +0.0% | +1.6% |
| DXY | 2026-06-28 | [Euro’s Run Looks Over as Wall Street Targets Slide Toward $1.10 - Bloomberg](https://feedsoft.ai/events/19027-euro-s-run-looks-over-as-wall-street-targets-slide-toward-1-10-bloomberg.md) | -0.0% | -0.1% |
| DXY | 2021-06-18 | [Goldman’s Currie Says Buy Commodities Dip, Bull Case Intact - Bloomberg](https://feedsoft.ai/events/5759-goldman-s-currie-says-buy-commodities-dip-bull-case-intact-bloomberg.md) | -0.2% | +0.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-01-28/ecb-declares-currency-war-with-euro-comments-commerzbank-says

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