# ECB Euro Cheat Sheet: Weak Dollar Trend Makes It More Difficult To Reverse EUR/USD Gains

> ING's cheat sheet ahead of the ECB's final 2020 meeting says the bank will likely take further action, including a €500 billion expansion of PEPP bond purchases. It does not expect a benchmark rate cut. EUR/USD is trading above 1.2000, and ING sees limited scope for the easing to push the euro lower.

- Date: 2020-12-09 · published 2020-12-09T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/49862-ecb-euro-cheat-sheet-weak-dollar-trend-makes-it-more-difficult-to-reverse-eur
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Limited expected currency impact means little change in euro-dollar pricing for commodities. Any surprise in the ECB's forward guidance could move the euro and dollar-priced grain and oilseed values.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-11-14 | [ECB Bond-Buying Weakened Euro 12% Against Dollar, Study Finds - Bloomberg](https://feedsoft.ai/events/62237-ecb-bond-buying-weakened-euro-12-against-dollar-study-finds-bloomberg.md) | +0.9% | +0.6% |
| EURUSD | 2021-04-22 | [Euro and U.S. dollar waffle as markets weigh ECB policy talk](https://feedsoft.ai/events/47818-euro-and-u-s-dollar-waffle-as-markets-weigh-ecb-policy-talk.md) | +0.5% | +1.5% |
| EURUSD | 2025-07-01 | [ECB policymakers set pain threshold for euro rise in weak economy \| Reuters](https://feedsoft.ai/events/23984-ecb-policymakers-set-pain-threshold-for-euro-rise-in-weak-economy-reuters.md) | -0.5% | -2.0% |
| EURUSD | 2020-04-29 | [ECB Preview: Euro-Dollar Recovers From Multi-Week Exchange Rate Lows Ahead Of Lagarde's Next Coronavirus Response \| Exchange Rates UK](https://feedsoft.ai/events/53855-ecb-preview-euro-dollar-recovers-from-multi-week-exchange-rate-lows-ahead-of.md) | +0.1% | +1.2% |
| EURUSD | 2024-05-29 | [EUR/USD: Euro May Turn Lower vs. Dollar on Eurozone CPI Data \| tastylive](https://feedsoft.ai/events/30471-eur-usd-euro-may-turn-lower-vs-dollar-on-eurozone-cpi-data-tastylive.md) | -0.0% | -1.8% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/31343/2020-12-09-ecb-euro-cheat-sheet-weak-dollar-trend-more-difficult-reverse-eur-usd-gains.html

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