# ECB frets about trade war cost behind 'facade of optimism': sources

> Sources say the ECB is concerned that trade war costs are hidden behind a facade of optimism in the euro zone economy. The article notes that German exports drive much recent growth and that weaker southern economies cannot afford a stronger euro.

- Date: 2018-06-20 · published 2018-06-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/64725-ecb-frets-about-trade-war-cost-behind-facade-of-optimism-sources
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Concern about trade-war damage to euro zone demand could reduce European import demand for feed and oilseeds over time, a mildly bearish factor.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-09-12 | [ECB dents traders' hopes for October rate cut](https://feedsoft.ai/events/28527-ecb-dents-traders-hopes-for-october-rate-cut.md) | +0.9% | -0.6% |
| EURUSD | 2024-04-19 | [Will worries about the euro stop the ECB from cutting? \| Capital Economics](https://feedsoft.ai/events/30943-will-worries-about-the-euro-stop-the-ecb-from-cutting-capital-economics.md) | +0.6% | +2.0% |
| EURUSD | 2024-05-15 | [Watch: Why a rate-cutting ECB won’t be too worried about the euro \| ING THINK](https://feedsoft.ai/events/30473-watch-why-a-rate-cutting-ecb-won-t-be-too-worried-about-the-euro-ing-think.md) | +0.3% | +0.2% |
| EURUSD | 2025-09-11 | [Traders raise bets that the ECB is done cutting rates \| Reuters](https://feedsoft.ai/events/23093-traders-raise-bets-that-the-ecb-is-done-cutting-rates-reuters.md) | +1.1% | -0.9% |
| EURUSD | 2026-04-30 | [Traders temper euro zone rate hike bets as ECB grapples with Iran war impact \| MarketScreener](https://feedsoft.ai/events/19944-traders-temper-euro-zone-rate-hike-bets-as-ecb-grapples-with-iran-war-impact.md) | +0.5% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/article/us-ecb-policy/ecb-frets-about-trade-war-cost-behind-facade-of-optimism-sources-idUSKBN1JG1LQ/

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