# ECB officials are ready to drop the reference to downside risks – Deutsche Bank — Octa

> Reuters reported ECB officials are ready to drop the reference to downside risks in the June 8 statement, replacing it with 'largely balanced'. The ECB may also debate removing its easing bias, though the euro barely reacted.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/71209-ecb-officials-are-ready-to-drop-the-reference-to-downside-risks-deutsche-bank
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A less dovish ECB tilts the euro firmer against the dollar, which typically weighs on dollar-denominated commodity prices and supports Brazilian and other importer currencies relative to the greenback.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 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) | +1.4% | -0.1% |
| EURUSD | 2022-01-25 | [Euro Forecasts Upgraded at Deutsche Bank, says ECB to Hike Rates in December](https://feedsoft.ai/events/43345-euro-forecasts-upgraded-at-deutsche-bank-says-ecb-to-hike-rates-in-december.md) | -0.9% | +0.3% |
| EURUSD | 2020-08-31 | [EUR/USD: The broad trend is to the upside — Octa](https://feedsoft.ai/events/51829-eur-usd-the-broad-trend-is-to-the-upside-octa.md) | -0.7% | -2.0% |
| 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 | 2018-01-26 | [Top European officials are slamming Mnuchin's comments on a weaker dollar](https://feedsoft.ai/events/67187-top-european-officials-are-slamming-mnuchin-s-comments-on-a-weaker-dollar.md) | -0.0% | -1.5% |
| DXY | 2018-02-19 | [US Bond Yields Are the Cause of Dollar Weakness: Deutsche Bank - WSJ](https://feedsoft.ai/events/66697-us-bond-yields-are-the-cause-of-dollar-weakness-deutsche-bank-wsj.md) | +0.7% | +1.4% |
| DXY | 2017-08-29 | [Downside pressure persists on USD/CNY – Danske Bank — Octa](https://feedsoft.ai/events/10855-downside-pressure-persists-on-usd-cny-danske-bank-octa.md) | -0.3% | +0.5% |
| DXY | 2020-08-31 | [EUR/USD: The broad trend is to the upside — Octa](https://feedsoft.ai/events/51829-eur-usd-the-broad-trend-is-to-the-upside-octa.md) | +0.1% | +1.4% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/448238/

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