# EUR: The funding currency | articles | ING THINK

> ING says it is unexcited about the euro, citing lacklustre eurozone growth, weak prospects for ECB tightening, and a currency no longer cheap versus the dollar. It forecasts a range-bound EUR/USD of 1.10-1.15 next year with downside risks.

- Date: 2019-11-28 · published 2019-11-28T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A persistently weak euro favours US dollar strength, which tends to pressure dollar-denominated commodity prices and makes US feed exports pricier for euro buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-03-12 | [ECB & EUR: Pouring oil into the fire \| articles \| ING THINK](https://feedsoft.ai/events/54328-ecb-and-eur-pouring-oil-into-the-fire-articles-ing-think.md) | -4.0% | -3.7% |
| EURUSD | 2022-03-16 | [EUR/USD: Not as cheap as it looks \| articles \| ING THINK](https://feedsoft.ai/events/42470-eur-usd-not-as-cheap-as-it-looks-articles-ing-think.md) | +0.4% | -1.1% |
| EURUSD | 2021-06-17 | [FX Daily: The Fed disrupting the calm \| articles \| ING THINK](https://feedsoft.ai/events/6129-fx-daily-the-fed-disrupting-the-calm-articles-ing-think.md) | -1.4% | -2.6% |
| EURUSD | 2024-11-21 | [FX Daily: Soft euro story dominates \| articles \| ING THINK](https://feedsoft.ai/events/27713-fx-daily-soft-euro-story-dominates-articles-ing-think.md) | +0.5% | -1.6% |
| EURUSD | 2024-04-17 | [A falling euro is not the ECB’s biggest headache \| articles \| ING THINK](https://feedsoft.ai/events/30944-a-falling-euro-is-not-the-ecb-s-biggest-headache-articles-ing-think.md) | +0.6% | +1.8% |
| DXY | 2024-04-17 | [FX Daily: The big unwinding \| articles \| ING THINK](https://feedsoft.ai/events/30940-fx-daily-the-big-unwinding-articles-ing-think.md) | -0.3% | -1.0% |
| DXY | 2024-12-03 | [FX Daily: BRICS currencies under pressure \| articles \| ING THINK](https://feedsoft.ai/events/12462-fx-daily-brics-currencies-under-pressure-articles-ing-think.md) | -0.4% | +1.7% |
| DXY | 2022-03-16 | [EUR/USD: Not as cheap as it looks \| articles \| ING THINK](https://feedsoft.ai/events/42470-eur-usd-not-as-cheap-as-it-looks-articles-ing-think.md) | -1.0% | -0.7% |

## Sources

- think.ing.com: https://think.ing.com/articles/eur-the-funding-currency/

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