# EUR/USD Weekly Forecast: Outlook Turning Brighter for Europe | Investing.com

> The EUR/USD pair held near 1.0900 in a quiet holiday week as eurozone PMI readings improved from October but still showed contraction. Germany's Q3 GDP fell 0.1% and October producer prices dropped 11% year on year.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33382-eur-usd-weekly-forecast-outlook-turning-brighter-for-europe-investing-com
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stabilising euro and softer European wholesale prices point to little near-term change in the dollar's influence on dollar-priced feed commodities.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-04-29 | [EUR/USD Holds Gains but Rate Expectations Leave Outlook Uncertain \| Investing.com](https://feedsoft.ai/events/19945-eur-usd-holds-gains-but-rate-expectations-leave-outlook-uncertain-investing-com.md) | -0.1% | -0.7% |
| EURUSD | 2023-06-28 | [EUR/USD: Will Lagarde Shake Up Euro? \| Investing.com](https://feedsoft.ai/events/35703-eur-usd-will-lagarde-shake-up-euro-investing-com.md) | -0.8% | +1.1% |
| EURUSD | 2024-05-31 | [EUR/USD outlook hinges on key upcoming macro events – Forex Friday](https://feedsoft.ai/events/30470-eur-usd-outlook-hinges-on-key-upcoming-macro-events-forex-friday.md) | +0.4% | -1.2% |
| EURUSD | 2021-02-18 | [Euro-Dollar Rate, the ECB's Currency Concerns and Two Competing Outlooks for 2021](https://feedsoft.ai/events/48855-euro-dollar-rate-the-ecb-s-currency-concerns-and-two-competing-outlooks-for-2021.md) | +0.8% | -1.1% |
| EURUSD | 2021-01-28 | [FX: Challenging our bearish dollar forecast \| articles \| ING THINK](https://feedsoft.ai/events/49343-fx-challenging-our-bearish-dollar-forecast-articles-ing-think.md) | -0.6% | +1.1% |

## Sources

- investing.com: https://www.investing.com/analysis/eurusd-weekly-forecast-outlook-turning-brighter-for-europe-200643882

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