# The euro and depreciation – shake, shake it off | Oxford Economics

> Oxford Economics expects the euro to stay weak against the dollar this year and to begin recovering next year. Its forecast assumes a faster pace of Fed rate cuts than markets currently price in.

- Date: 2024-04-26 · published 2024-04-26T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/30945-the-euro-and-depreciation-shake-shake-it-off-oxford-economics
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A forecast of continued dollar strength through this year keeps import costs for euro-area buyers of dollar-priced feed ingredients elevated.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-10-28 | [Euro falls most this year on ECB bond decision and Spanish woes \| The National](https://feedsoft.ai/events/68669-euro-falls-most-this-year-on-ecb-bond-decision-and-spanish-woes-the-national.md) | +0.3% | +2.6% |
| EURUSD | 2022-04-29 | [ECB's Lane: Euro depreciation will be important factor in shaping ECB projections](https://feedsoft.ai/events/42066-ecb-s-lane-euro-depreciation-will-be-important-factor-in-shaping-ecb-projections.md) | +0.1% | +2.1% |
| EURUSD | 2019-04-29 | [Eurozone economic confidence at lowest since 2016 \| The National](https://feedsoft.ai/events/59796-eurozone-economic-confidence-at-lowest-since-2016-the-national.md) | +0.3% | +0.4% |
| 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 | 2026-06-19 | [The Euro sinks on its own rate hike](https://feedsoft.ai/events/11515-the-euro-sinks-on-its-own-rate-hike.md) | -0.6% | -0.5% |

## Sources

- oxfordeconomics.com: https://www.oxfordeconomics.com/resource/the-euro-and-depreciation-shake-shake-it-off/

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