# EUR & ECB: The funding characteristic of the euro still intact | articles | ING THINK

> ING says the ECB's 12 December meeting brought no major surprises and that the ECB is not expected to tighten policy soon. It expects the euro to remain a preferred funding currency through 2020 with limited upside against the dollar.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/55781-eur-and-ecb-the-funding-characteristic-of-the-euro-still-intact-articles-ing
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A euro that stays weak against the dollar, with little prospect of tightening, makes dollar-priced feed imports relatively more expensive for euro buyers. The effect is modest.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-01-23 | [EUR & the ECB: The good, boring funding currency \| articles \| ING THINK](https://feedsoft.ai/events/55291-eur-and-the-ecb-the-good-boring-funding-currency-articles-ing-think.md) | -0.7% | -2.6% |
| EURUSD | 2021-01-28 | [FX: Challenging our bearish dollar forecast \| articles \| ING THINK](https://feedsoft.ai/events/49343-fx-challenging-our-bearish-dollar-forecast-articles-ing-think.md) | -0.6% | +1.1% |
| EURUSD | 2021-02-09 | [Euroflation: the EUR reflation trade and its market implications \| articles \| ING THINK](https://feedsoft.ai/events/48857-euroflation-the-eur-reflation-trade-and-its-market-implications-articles-ing.md) | +0.5% | -1.3% |
| EURUSD | 2024-08-30 | [FX Daily: US and eurozone inflation in focus \| articles \| ING THINK](https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think.md) | 0.0% | +0.7% |
| EURUSD | 2023-03-01 | [The euro area hiking cycle: an interim assessment](https://feedsoft.ai/events/37541-the-euro-area-hiking-cycle-an-interim-assessment.md) | -0.3% | +2.3% |

## Sources

- think.ing.com: https://think.ing.com/articles/eur-ecb-the-funding-euro-characteristics-intact/

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