# ECB concerned about U.S. political influence on exchange rates: Nowotny

> ECB policymaker Ewald Nowotny said the ECB is concerned that the United States is politically influencing exchange rates. He said the issue will be raised at upcoming G20 meetings. The comments were made in an interview with Austrian broadcaster ORF.

- Date: 2018-02-11 · published 2018-02-11T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/66703-ecb-concerned-about-u-s-political-influence-on-exchange-rates-nowotny
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency-policy tension between the US and Europe raises uncertainty around the dollar's direction, which feeds into dollar-priced commodity values. The impact on feed prices is indirect and limited unless it leads to actual policy moves.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-26 | [Has The ECB Lost Control Of The Euro Exchange Rate Complex? \| Exchange Rates UK](https://feedsoft.ai/events/67194-has-the-ecb-lost-control-of-the-euro-exchange-rate-complex-exchange-rates-uk.md) | -0.0% | +1.1% |
| DXY | 2017-03-27 | [Goldman Sachs: Weak British Pound Means Weaker Consumer, BoE Looks Through Inflation \| Exchange Rates UK](https://feedsoft.ai/events/72231-goldman-sachs-weak-british-pound-means-weaker-consumer-boe-looks-through.md) | +0.1% | +0.2% |
| DXY | 2022-05-23 | [Why some ECB officials are suddenly concerned about the weak euro \| snaps \| ING THINK](https://feedsoft.ai/events/41609-why-some-ecb-officials-are-suddenly-concerned-about-the-weak-euro-snaps-ing.md) | -0.9% | +1.1% |
| DXY | 2026-10-02 | [Euro’s Breakdown Is Becoming a Politics Trade, Not Just a Rates Trade \| Investing.com](https://feedsoft.ai/events/9655-euro-s-breakdown-is-becoming-a-politics-trade-not-just-a-rates-trade-investing.md) | -0.3% | -0.1% |
| DXY | 2024-05-10 | [The Fed - Monetary Policy and Exchange Rates during the Global Tightening](https://feedsoft.ai/events/30140-the-fed-monetary-policy-and-exchange-rates-during-the-global-tightening.md) | -0.8% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/us-ecb-usa-nowotny/ecb-concerned-about-u-s-political-influence-on-exchange-rates-nowotny-idUSKBN1FV0MV/

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