# Money market stress adds to case for more ECB action | Financial Post

> Euro zone money market funding costs remain high, with the three-month Euribor at about double early-March levels despite ECB action. Analysts say the ECB may need to do more to ensure smooth short-term credit, and heavy government debt issuance is cited as a factor.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/53852-money-market-stress-adds-to-case-for-more-ecb-action-financial-post
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tighter euro funding conditions slow the economy and weigh on the euro, with limited direct impact on feed prices. It raises the chance of further ECB easing, which could weaken the euro.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-10-29 | [Euro's losses deepen as markets take dim view of ECB stance \| Financial Post](https://feedsoft.ai/events/7160-euro-s-losses-deepen-as-markets-take-dim-view-of-ecb-stance-financial-post.md) | -1.2% | -3.6% |
| EURUSD | 2022-01-28 | [Dollar set for sparkling week as hike expectations surge \| Financial Post](https://feedsoft.ai/events/12226-dollar-set-for-sparkling-week-as-hike-expectations-surge-financial-post.md) | +2.5% | +1.1% |
| EURUSD | 2021-05-27 | [Dollar firms as traders brace for U.S. inflation gauge \| Financial Post](https://feedsoft.ai/events/47285-dollar-firms-as-traders-brace-for-u-s-inflation-gauge-financial-post.md) | -0.7% | -2.3% |
| EURUSD | 2020-10-29 | [Euro falls to four-week low as ECB flags easing in December \| Financial Post](https://feedsoft.ai/events/50839-euro-falls-to-four-week-low-as-ecb-flags-easing-in-december-financial-post.md) | -0.2% | +1.7% |
| EURUSD | 2025-04-17 | [Markets see door wide open for more ECB rate cuts on tariff hit](https://feedsoft.ai/events/25335-markets-see-door-wide-open-for-more-ecb-rate-cuts-on-tariff-hit.md) | -0.3% | -1.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/money-market-stress-adds-to-case-for-more-ecb-action

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