# The euro may need to cheapen a little more | opinions | ING THINK

> ING analyst Chris Turner argues EUR/USD is near its 2018 lows due to broad dollar strength, while the euro trade-weighted index is not as weak. He says eurozone growth has disappointed and the euro may need to fall further before it looks cheap.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/62754-the-euro-may-need-to-cheapen-a-little-more-opinions-ing-think
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Continued euro weakness would keep dollar-based commodity prices attractive to European buyers, supporting U.S. export demand while raising costs for euro-based importers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| EURUSD | 2023-03-15 | [FX Markets: Pressure switches to Europe \| articles \| ING THINK](https://feedsoft.ai/events/10079-fx-markets-pressure-switches-to-europe-articles-ing-think.md) | +0.4% | +1.7% |
| 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 | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | +0.9% | +1.6% |

## Sources

- think.ing.com: https://think.ing.com/opinions/the-euro-may-need-to-cheapen-a-little-more/

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