# Might the ECB be tempted to prop up the euro?

> The euro's cost of oil and gas rose to record highs as war continued in Ukraine. Markets speculated that the European Central Bank might rarely intervene to support the euro against the dollar, though this was seen as unlikely.

- Date: 2022-03-04 · published 2022-03-04T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/8262-might-the-ecb-be-tempted-to-prop-up-the-euro
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Record European energy costs raise input and processing costs across the feed chain, and any ECB currency intervention would change the euro's cost of dollar-priced grains and meals.

## Read by commodity

- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-11-25 | [LNG is stepping up to solve Europe gas woes, but at a price](https://feedsoft.ai/events/27593-lng-is-stepping-up-to-solve-europe-gas-woes-but-at-a-price.md) | +14.0% | +18.4% |
| NATGAS | 2021-06-02 | [Euro zone producer prices rise more than expected in April](https://feedsoft.ai/events/46808-euro-zone-producer-prices-rise-more-than-expected-in-april.md) | +1.9% | +20.5% |
| NATGAS | 2026-05-15 | [Asia LNG demand rebound lifts upside risks to Europe gas prices, Goldman Sachs says - The Economic Times](https://feedsoft.ai/events/19440-asia-lng-demand-rebound-lifts-upside-risks-to-europe-gas-prices-goldman-sachs.md) | +8.3% | +8.7% |
| NATGAS | 2020-06-30 | [TTF gas prices \| European Gas Hub](https://feedsoft.ai/events/52801-ttf-gas-prices-european-gas-hub.md) | +7.6% | +7.4% |
| NATGAS | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | +15.3% | +43.6% |
| BRENT | 2026-06-18 | [Euro Slumps to 2-1/2-Month Low](https://feedsoft.ai/events/11514-euro-slumps-to-2-1-2-month-low.md) | -8.8% | +5.1% |
| BRENT | 2021-08-24 | [The Commodities Feed: USD provides a boost to the complex \| snaps \| ING THINK](https://feedsoft.ai/events/12116-the-commodities-feed-usd-provides-a-boost-to-the-complex-snaps-ing-think.md) | +5.7% | +7.0% |
| BRENT | 2025-09-01 | [The Commodities Feed: Jerome Powell provides a boost to most markets](https://feedsoft.ai/events/23246-the-commodities-feed-jerome-powell-provides-a-boost-to-most-markets.md) | -4.1% | +3.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/might-ecb-be-tempted-prop-up-euro-2022-03-04/

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