# ECB’s Sisyphean task: To credibly talk down the euro | reports | ING THINK

> ING argues the ECB will not be able to credibly talk down the euro. It notes EUR/USD is up about 4% over six months while the trade-weighted euro is roughly flat. It expects further EUR/USD upside in coming quarters.

- Date: 2018-02-13 · published 2018-02-13T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/66704-ecb-s-sisyphean-task-to-credibly-talk-down-the-euro-reports-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 continued euro rally against the dollar typically lowers USD-denominated commodity prices in euro terms and makes US feed ingredients relatively more expensive for European buyers. The effect on the dollar index is the main channel to grain prices.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-08-30 | [The ECB can do little to stop the euro’s rise \| articles \| ING THINK](https://feedsoft.ai/events/69663-the-ecb-can-do-little-to-stop-the-euro-s-rise-articles-ing-think.md) | -0.7% | -2.3% |
| EURUSD | 2023-07-14 | [FX Talking July: The dollar’s break point \| reports \| ING THINK](https://feedsoft.ai/events/9981-fx-talking-july-the-dollar-s-break-point-reports-ing-think.md) | -0.5% | -1.6% |
| EURUSD | 2020-04-28 | [EUR & ECB crib sheet \| articles \| ING THINK](https://feedsoft.ai/events/53853-eur-and-ecb-crib-sheet-articles-ing-think.md) | +0.8% | +1.3% |
| EURUSD | 2020-12-08 | [EUR and ECB Crib Sheet \| articles \| ING THINK](https://feedsoft.ai/events/49861-eur-and-ecb-crib-sheet-articles-ing-think.md) | +0.1% | +1.0% |
| EURUSD | 2018-03-20 | [Euro Rally Could "Extend in Coming Days" - Analysts React to Reports of Shift in ECB Interest Rate Policy](https://feedsoft.ai/events/66202-euro-rally-could-extend-in-coming-days-analysts-react-to-reports-of-shift-in.md) | +0.9% | +0.4% |
| DXY | 2019-06-17 | [FX Talking: The beginning of the end of the dollar’s rally \| reports \| ING THINK](https://feedsoft.ai/events/9810-fx-talking-the-beginning-of-the-end-of-the-dollar-s-rally-reports-ing-think.md) | -0.9% | -1.1% |
| DXY | 2023-07-14 | [FX Talking July: The dollar’s break point \| reports \| ING THINK](https://feedsoft.ai/events/9981-fx-talking-july-the-dollar-s-break-point-reports-ing-think.md) | +0.4% | +1.7% |
| DXY | 2020-03-23 | [FX Talking: I need a dollar \| reports \| ING THINK](https://feedsoft.ai/events/6586-fx-talking-i-need-a-dollar-reports-ing-think.md) | -2.0% | -1.7% |

## Sources

- think.ing.com: https://think.ing.com/reports/ecbs-sisyphean-task-to-credibly-talk-down-the-euro/

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