# EUR/USD: Euro is deriving support from three favourable developments – MUFG: Analytics and Market news from 27 February 2024 09:44

> MUFG says the euro is gaining support from delayed ECB rate-cut expectations, easing European natural gas prices, and improving sentiment over China's economy after fresh stimulus. The bank expects Eurozone growth to pick up in the second half of 2024.

- Date: 2024-02-27 · published 2024-02-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31884-eur-usd-euro-is-deriving-support-from-three-favourable-developments-mufg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower European gas prices and firmer Chinese demand sentiment modestly support industrial and feed demand, though the effect on grain and oilseed prices is indirect.

## Read by commodity

- EURUSD: bullish ▲
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-08-02 | [EUR/USD bounces after NFP misfire pummels Greenback: Analytics and Market news from 2 August 2024 22:27](https://feedsoft.ai/events/9286-eur-usd-bounces-after-nfp-misfire-pummels-greenback-analytics-and-market-news.md) | +1.2% | +2.8% |
| EURUSD | 2022-10-04 | [EUR/USD keeps rising amid a weaker USD, approaches parity: Analytics and Market news from 4 October 2022 16:02](https://feedsoft.ai/events/9330-eur-usd-keeps-rising-amid-a-weaker-usd-approaches-parity-analytics-and-market.md) | -0.5% | +0.6% |
| EURUSD | 2024-08-30 | [ECB's Nagel: Timely return to price stability cannot be taken for granted: Analytics and Market news from 30 August 2024 00:30](https://feedsoft.ai/events/29015-ecb-s-nagel-timely-return-to-price-stability-cannot-be-taken-for-granted.md) | 0.0% | +0.7% |
| EURUSD | 2020-05-29 | [EUR/USD: Balance of risks shifting in favour of stronger euro – MUFG — Octa](https://feedsoft.ai/events/53356-eur-usd-balance-of-risks-shifting-in-favour-of-stronger-euro-mufg-octa.md) | +2.3% | +1.4% |
| EURUSD | 2017-05-30 | [‘Euro-dollar parity is dead,’ say analysts - MarketWatch](https://feedsoft.ai/events/71214-euro-dollar-parity-is-dead-say-analysts-marketwatch.md) | +0.7% | +0.2% |
| NATGAS | 2020-07-29 | [Expert Commentary - Update on Global Gas and LNG Prices in 2020: How has it Coped with Recent Market Dynamics? - Events-HH](https://feedsoft.ai/events/52290-expert-commentary-update-on-global-gas-and-lng-prices-in-2020-how-has-it-coped.md) | +17.4% | +38.5% |
| NATGAS | 2022-11-07 | [Column: LNG market in trifecta of change to prices, flows and seasonality - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/38858-column-lng-market-in-trifecta-of-change-to-prices-flows-and-seasonality-energy.md) | +5.0% | -4.9% |
| NATGAS | 2025-02-21 | [Friday’s Insider: Urea and gas prices — market in transition — Fertilizer Daily](https://feedsoft.ai/events/26365-friday-s-insider-urea-and-gas-prices-market-in-transition-fertilizer-daily.md) | -18.8% | -15.1% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3944364

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