# ECB accuses Trump of 'currency war' as surging euro exposes Europe's fragility

> The ECB minutes from its January meeting said the weak dollar has been the main driver of the rising euro. The minutes protested recent international statements on exchange-rate developments. The Telegraph reports the ECB is accusing the Trump administration of driving down the dollar to gain trade advantage.

- Date: 2018-02-22 · published 2018-02-22T12:00:00.000Z
- Category: macro · region Euro area · magnitude medium
- Page: https://feedsoft.ai/events/66707-ecb-accuses-trump-of-currency-war-as-surging-euro-exposes-europe-s-fragility
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Accusations of competitive currency devaluation raise the risk of trade-policy friction that could affect US agricultural export flows. A weaker dollar supports dollar-priced grain and oilseed values, while a stronger euro dampens European import demand.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-02 | [ECB faces surging euro conundrum](https://feedsoft.ai/events/24438-ecb-faces-surging-euro-conundrum.md) | -0.5% | -1.9% |
| DXY | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | +0.2% | +1.6% |
| DXY | 2020-03-09 | [US dollar market sees major sell off as currency traders buy EUR](https://feedsoft.ai/events/10776-us-dollar-market-sees-major-sell-off-as-currency-traders-buy-eur.md) | +3.2% | +6.6% |
| DXY | 2017-01-31 | [EM ASIA FX-Asian currencies firmer as Trump policy worries dent dollar](https://feedsoft.ai/events/73240-em-asia-fx-asian-currencies-firmer-as-trump-policy-worries-dent-dollar.md) | -0.6% | -0.6% |
| DXY | 2024-08-02 | [Euro-Dollar Surges as Odds of Emergency Federal Reserve Rate Cut Grows](https://feedsoft.ai/events/9284-euro-dollar-surges-as-odds-of-emergency-federal-reserve-rate-cut-grows.md) | -0.3% | -1.3% |
| EURUSD | 2025-06-02 | [ECB faces surging euro conundrum](https://feedsoft.ai/events/24438-ecb-faces-surging-euro-conundrum.md) | +0.4% | +3.7% |
| EURUSD | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | -0.4% | -1.5% |
| EURUSD | 2020-03-09 | [US dollar market sees major sell off as currency traders buy EUR](https://feedsoft.ai/events/10776-us-dollar-market-sees-major-sell-off-as-currency-traders-buy-eur.md) | -2.2% | -4.6% |

## Sources

- telegraph.co.uk: https://www.telegraph.co.uk/business/2018/02/22/ecb-accuses-trump-currency-war-surging-euro-exposes-europes/

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