# The ECB can do little to stop the euro’s rise | articles | ING THINK

> ING analysts said EUR/USD trading above 1.20 would cause concern at the ECB, but the central bank has little ability to stop the euro's rise. The euro has gained about 5% since the ECB's July meeting. ING expects the ECB's September staff projections to be trimmed for the stronger currency.

- Date: 2017-08-30 · published 2017-08-30T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/69663-the-ecb-can-do-little-to-stop-the-euro-s-rise-articles-ing-think
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger euro makes dollar-priced commodities cheaper for euro-area buyers and weakens the dollar's relative pull on US export competitiveness. It is a modest factor for feed grain and meal demand.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-03-10 | [EUR and ECB Cribsheet \| articles \| ING THINK](https://feedsoft.ai/events/48340-eur-and-ecb-cribsheet-articles-ing-think.md) | +0.1% | -0.3% |
| EURUSD | 2018-12-13 | [EUR & ECB: No fireworks \| articles \| ING THINK](https://feedsoft.ai/events/61767-eur-and-ecb-no-fireworks-articles-ing-think.md) | +0.5% | +0.3% |
| EURUSD | 2022-02-03 | [EUR/USD: A new range after the ECB meeting \| articles \| ING THINK](https://feedsoft.ai/events/9872-eur-usd-a-new-range-after-the-ecb-meeting-articles-ing-think.md) | +1.2% | -2.2% |

## Sources

- think.ing.com: https://think.ing.com/articles/the-ecb-can-do-little-to-stop-the-euros-rise/

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