# ECB Bond-Buying Weakened Euro 12% Against Dollar, Study Finds - Bloomberg

> An ECB study finds the central bank's bond-buying program lowered the euro-dollar exchange rate by about 12 percent, more than half of the euro's depreciation between September 2014 and end-2016. The program is set to exceed 2.6 trillion euros by year-end and its effect persists for a long time.

- Date: 2018-11-14 · published 2018-11-14T12:00:00.000Z
- Category: macro · region Euro Area · magnitude low
- Page: https://feedsoft.ai/events/62237-ecb-bond-buying-weakened-euro-12-against-dollar-study-finds-bloomberg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker euro makes US dollar-priced feed ingredients more expensive for euro-zone buyers and can shift US export competitiveness, a modest but relevant currency driver for grain and meal prices.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-09-01 | [Euro Falters After Eclipsing Key Level as ECB’s Lane Weighs In - Bloomberg](https://feedsoft.ai/events/51336-euro-falters-after-eclipsing-key-level-as-ecb-s-lane-weighs-in-bloomberg.md) | -1.3% | -1.9% |
| EURUSD | 2020-12-09 | [ECB Euro Cheat Sheet: Weak Dollar Trend Makes It More Difficult To Reverse EUR/USD Gains](https://feedsoft.ai/events/49862-ecb-euro-cheat-sheet-weak-dollar-trend-makes-it-more-difficult-to-reverse-eur.md) | +0.4% | +1.2% |
| EURUSD | 2021-09-09 | [Dollar little changed, euro steady ahead of ECB decision](https://feedsoft.ai/events/45266-dollar-little-changed-euro-steady-ahead-of-ecb-decision.md) | -0.1% | -2.3% |
| 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 | 2021-02-18 | [Euro-Dollar Rate, the ECB's Currency Concerns and Two Competing Outlooks for 2021](https://feedsoft.ai/events/48855-euro-dollar-rate-the-ecb-s-currency-concerns-and-two-competing-outlooks-for-2021.md) | +0.8% | -1.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-11-14/ecb-bond-buying-weakened-euro-12-against-dollar-study-finds

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