# Euro To Dollar Rate: "On Course For H2 Target Of 1.06" Say Rabobank

> Rabobank analysts project EUR/USD reaching their second-half target of 1.06, citing speculator long euro positions and weak Chinese consumption and German manufacturing orders. The analysis links the euro's decline to investors rebuilding long dollar positions.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/36154-euro-to-dollar-rate-and-quot-on-course-for-h2-target-of-1-06-and-quot-say
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A forecast weaker euro favors dollar-priced imports for European buyers less than US exporters, shifting relative competitiveness of US feed grains and meal against Black Sea and EU supply.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-05-17 | [Euro-Dollar Rally May Stall Below 1.20: Rabobank](https://feedsoft.ai/events/19478-euro-dollar-rally-may-stall-below-1-20-rabobank.md) | -0.2% | -0.2% |
| EURUSD | 2024-06-19 | [Dollar struggles for direction, euro close to 1-1/2-month low](https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low.md) | -0.5% | +1.6% |
| EURUSD | 2018-09-28 | [Dollar gains on euro woes, Fed rate outlook](https://feedsoft.ai/events/63239-dollar-gains-on-euro-woes-fed-rate-outlook.md) | -1.4% | -2.4% |
| EURUSD | 2019-07-29 | [The Euro-Dollar Rate Could Bounce if Fed Cuts Rates but It Won't Last, Analysts Say](https://feedsoft.ai/events/58316-the-euro-dollar-rate-could-bounce-if-fed-cuts-rates-but-it-won-t-last-analysts.md) | -0.1% | +0.2% |
| EURUSD | 2018-09-27 | [Dollar rises on Fed rate outlook; euro falls on Italian budget woes](https://feedsoft.ai/events/63247-dollar-rises-on-fed-rate-outlook-euro-falls-on-italian-budget-woes.md) | -2.0% | -3.3% |
| DXY | 2026-05-17 | [Euro-Dollar Rally May Stall Below 1.20: Rabobank](https://feedsoft.ai/events/19478-euro-dollar-rally-may-stall-below-1-20-rabobank.md) | +0.0% | +0.0% |
| DXY | 2025-09-19 | [Dollar remains on front foot for now - Bank of Ireland Corporate](https://feedsoft.ai/events/23146-dollar-remains-on-front-foot-for-now-bank-of-ireland-corporate.md) | +0.7% | +0.9% |
| DXY | 2018-09-28 | [Dollar gains on euro woes, Fed rate outlook](https://feedsoft.ai/events/63239-dollar-gains-on-euro-woes-fed-rate-outlook.md) | +0.6% | +1.3% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/38312/2023-05-31-euro-to-dollar-rate-on-course-for-h2-target-1-06-rabobank.html

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