# Euro's Ukraine battering intensifies ECB migraine | Reuters

> Breakingviews reported that the euro's slide during the Ukraine conflict is intensifying pressure on ECB President Christine Lagarde. The euro zone is more exposed than other regions to the fallout from the invasion and sanctions, given its trade and energy ties to Russia. The weaker currency is expected to make imports more expensive and worsen high inflation.

- Date: 2022-03-04 · published 2022-03-04T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/8263-euro-s-ukraine-battering-intensifies-ecb-migraine-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker euro raises the cost of dollar-priced feed imports for European buyers, and inflation-driven policy uncertainty adds to currency volatility affecting feed commodity purchasing.

## Read by commodity

- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-03-07 | 5 | -3.2% | -3.9 | Europe's greater exposure to energy and trade fallout from sanctions was weighing on the euro and complicating ECB policy, a sentiment and fundamental channel. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-11-27 | [Euro's bruising leaves global investors on edge \| Reuters](https://feedsoft.ai/events/27620-euro-s-bruising-leaves-global-investors-on-edge-reuters.md) | +0.4% | -0.6% |
| EURUSD | 2017-02-02 | [Euro zone inflation rise still not sustainable - ECB's Praet \| Reuters](https://feedsoft.ai/events/72708-euro-zone-inflation-rise-still-not-sustainable-ecb-s-praet-reuters.md) | -0.5% | -2.3% |
| EURUSD | 2021-11-16 | [Latest ECB rate-hike pushback turns euro into falling knife \| Reuters](https://feedsoft.ai/events/11948-latest-ecb-rate-hike-pushback-turns-euro-into-falling-knife-reuters.md) | -1.4% | -1.3% |
| EURUSD | 2022-03-10 | [Euro eases after ECB meeting, while dollar firms following inflation data \| Reuters](https://feedsoft.ai/events/9527-euro-eases-after-ecb-meeting-while-dollar-firms-following-inflation-data-reuters.md) | -0.7% | -1.4% |
| EURUSD | 2018-11-30 | [Euro Exchange Rate: Inflation Disappointment Threatens to Turn ECB Headache into a Migraine](https://feedsoft.ai/events/62239-euro-exchange-rate-inflation-disappointment-threatens-to-turn-ecb-headache-into.md) | +0.1% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/breakingviews/euros-ukraine-battering-intensifies-ecb-migraine-2022-03-04/

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