# EUR/USD: A new range after the ECB meeting | articles | ING THINK

> ING analysts said the ECB dropped its forward guidance after a hawkish press conference, with markets pricing in a first rate hike around June 2022. They expect EUR/USD to consolidate in the 1.13-1.15 range ahead of the March ECB meeting.

- Date: 2022-02-03 · published 2022-02-03T12:00:00.000Z
- Category: macro · region Euro Zone · magnitude low
- Page: https://feedsoft.ai/events/9872-eur-usd-a-new-range-after-the-ecb-meeting-articles-ing-think
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Shifting rate expectations move the euro-dollar exchange rate, which in turn changes the relative competitiveness of US and European grain and oilseed exports.

## Read by commodity

- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-02-04 | 5 | +2.6% | 3.5 | ING notes the ECB dropped forward guidance and markets priced a June hike, shifting the EUR/USD range higher. |

## 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 | 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 | 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 | 2026-03-30 | [EUR/USD: Real interest rates still important \| articles \| ING THINK](https://feedsoft.ai/events/20373-eur-usd-real-interest-rates-still-important-articles-ing-think.md) | +0.0% | +1.7% |

## Sources

- think.ing.com: https://think.ing.com/articles/eur-usd-a-new-range-after-the-ecb-meeting/

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