# ECB to monitor euro appreciation 'very carefully': Lagarde

> ECB President Christine Lagarde said the central bank will monitor euro appreciation very carefully because a stronger euro pushes down prices and inflation in the bloc. She added that the ECB does not target the exchange rate. The euro had reached 2.5-year highs against the dollar at $1.2177.

- Date: 2020-12-10 · published 2020-12-10T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/49856-ecb-to-monitor-euro-appreciation-very-carefully-lagarde
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer euro lowers euro-zone import prices and can signal future policy easing, which weighs on the currency's direction against the dollar. For feed buyers, a stronger euro makes EU-priced feed inputs cheaper and tends to support dollar-priced commodities.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-03-01 | [ECB Has Yet to See Full Impact of Euro Appreciation, Kazaks Says](https://feedsoft.ai/events/20806-ecb-has-yet-to-see-full-impact-of-euro-appreciation-kazaks-says.md) | -1.8% | -2.6% |
| EURUSD | 2025-11-21 | [ECB’s Lagarde: Remains open to adjusting monetary policy if inflation deviates](https://feedsoft.ai/events/22151-ecb-s-lagarde-remains-open-to-adjusting-monetary-policy-if-inflation-deviates.md) | +0.6% | +1.6% |
| EURUSD | 2025-10-31 | [Eurozone inflation slows to 2.1%, yet Lagarde stays cautious \| Euronews](https://feedsoft.ai/events/22628-eurozone-inflation-slows-to-2-1-yet-lagarde-stays-cautious-euronews.md) | -0.2% | +0.5% |
| EURUSD | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | -0.7% | +2.3% |
| EURUSD | 2024-07-18 | [ECB leaves rates unchanged, markets look to ECB's Lagarde for clues](https://feedsoft.ai/events/29482-ecb-leaves-rates-unchanged-markets-look-to-ecb-s-lagarde-for-clues.md) | -0.7% | +0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/business/ecb-to-monitor-euro-appreciation-very-carefully-lagarde-idUSKBN28K1Y6/

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