# Goldman Sachs Maintain a "Constructive" Euro Forecast

> Goldman Sachs FX strategists keep a constructive medium-term euro forecast, seeing EUR/USD rising toward 1.10 over coming months. They are not yet recommending a buy because the Ukraine war remains a tail risk.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/41612-goldman-sachs-maintain-a-constructive-euro-forecast
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A forecast euro recovery would modestly ease dollar import costs for European feed buyers and weigh slightly on dollar-based commodity demand.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-04-19 | [Goldman Sachs backs the euro as the dollar hits two-month lows](https://feedsoft.ai/events/47789-goldman-sachs-backs-the-euro-as-the-dollar-hits-two-month-lows.md) | +0.7% | +1.3% |
| EURUSD | 2017-05-23 | [Economic prospects to maintain support for the euro \| Capital Economics](https://feedsoft.ai/events/71210-economic-prospects-to-maintain-support-for-the-euro-capital-economics.md) | -0.5% | -1.0% |
| EURUSD | 2021-05-31 | [Dollar set for second consecutive monthly loss vs euro and pound \| Euronews](https://feedsoft.ai/events/47295-dollar-set-for-second-consecutive-monthly-loss-vs-euro-and-pound-euronews.md) | +0.0% | -2.1% |
| EURUSD | 2020-08-27 | [Euro-Dollar Can Pass 1.20 withouth Drawing ECB Ire says Goldmans](https://feedsoft.ai/events/51825-euro-dollar-can-pass-1-20-withouth-drawing-ecb-ire-says-goldmans.md) | +0.2% | -1.2% |
| EURUSD | 2017-04-19 | [Goldman Sachs: We’re closing two of our long-dollar ‘top trades’](https://feedsoft.ai/events/71410-goldman-sachs-we-re-closing-two-of-our-long-dollar-top-trades.md) | +2.2% | +3.4% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/17040-goldman-sachs-maintain-constructive-euro-to-dollar-rate-forecasts

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