# EUR and ECB Crib Sheet: Lagarde’s diplomacy may leave euro unsupported | articles | ING THINK

> ING expects ECB President Lagarde to strike a neutral tone at the October meeting, tempering market hawkish expectations. Energy prices had risen, and markets were pricing a 10bp deposit rate hike by late 2022.

- Date: 2021-10-27 · published 2021-10-27T12:00:00.000Z
- Category: macro · region Euro Zone · magnitude low
- Page: https://feedsoft.ai/events/7165-eur-and-ecb-crib-sheet-lagarde-s-diplomacy-may-leave-euro-unsupported-articles
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A neutral ECB message would reduce hawkish rate pricing and could leave the euro weaker, since EUR/USD already looks overvalued in the short term.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-07 | [EUR and ECB Crib Sheet: Hawkish expectations may be unwarranted \| articles \| ING THINK](https://feedsoft.ai/events/45267-eur-and-ecb-crib-sheet-hawkish-expectations-may-be-unwarranted-articles-ing.md) | -0.6% | -2.2% |
| EURUSD | 2022-12-16 | [FX Daily: ECB slams brakes on growth and the euro \| articles \| ING THINK](https://feedsoft.ai/events/38436-fx-daily-ecb-slams-brakes-on-growth-and-the-euro-articles-ing-think.md) | -0.5% | +1.5% |
| EURUSD | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | +0.9% | +1.6% |
| EURUSD | 2024-04-17 | [A falling euro is not the ECB’s biggest headache \| articles \| ING THINK](https://feedsoft.ai/events/30944-a-falling-euro-is-not-the-ecb-s-biggest-headache-articles-ing-think.md) | +0.6% | +1.8% |
| EURUSD | 2020-03-12 | [ECB & EUR: Pouring oil into the fire \| articles \| ING THINK](https://feedsoft.ai/events/54328-ecb-and-eur-pouring-oil-into-the-fire-articles-ing-think.md) | -4.0% | -3.7% |

## Sources

- think.ing.com: https://think.ing.com/articles/eur-and-ecb-crib-sheet-lagardes-diplomacy-may-leave-euro-unsupported/

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