# EUR/USD to plummet towards 1.15 by year-end – CE — Octa

> Capital Economics expects the euro to weaken to about 1.15 against the dollar by year-end 2021, after a roughly 4% rise since late March to around 1.22. The forecast rests on the ECB staying very accommodative for years while the Fed raises rates earlier than the eurozone and US inflation proves stronger.

- Date: 2021-05-20 · published 2021-05-20T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47300-eur-usd-to-plummet-towards-1-15-by-year-end-ce-octa
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar would make U.S. feed commodities more expensive for euro-based buyers and tends to pressure dollar-denominated grain and meal prices. This is an analyst forecast rather than a new event, so the impact is modest.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-12-15 | [Euro plummets to 14-year nadir](https://feedsoft.ai/events/5968-euro-plummets-to-14-year-nadir.md) | -2.2% | -0.3% |
| EURUSD | 2020-04-29 | [Euro seen falling to 1.05 to the US dollar by year-end: BofA](https://feedsoft.ai/events/53851-euro-seen-falling-to-1-05-to-the-us-dollar-by-year-end-bofa.md) | +0.1% | +1.2% |
| EURUSD | 2024-06-14 | [EUR/USD plummets to 1.0670 as Fed's hawkish policy keeps US Dollar firm](https://feedsoft.ai/events/29980-eur-usd-plummets-to-1-0670-as-fed-s-hawkish-policy-keeps-us-dollar-firm.md) | -0.6% | +1.5% |
| EURUSD | 2024-04-12 | [MUFG: Euro-Dollar Trend Heading Towards 1.05](https://feedsoft.ai/events/9976-mufg-euro-dollar-trend-heading-towards-1-05.md) | -0.6% | +0.5% |
| EURUSD | 2018-08-10 | [US Dollar to Yearly Highs as EUR/USD Breaks Down on Contagion Fears](https://feedsoft.ai/events/11066-us-dollar-to-yearly-highs-as-eur-usd-breaks-down-on-contagion-fears.md) | -1.5% | +0.1% |
| DXY | 2017-06-27 | [USD/JPY to target ¥118 by year-end – Deutsche Bank — Octa](https://feedsoft.ai/events/70725-usd-jpy-to-target-118-by-year-end-deutsche-bank-octa.md) | -0.3% | -2.2% |
| DXY | 2016-12-15 | [Euro plummets to 14-year nadir](https://feedsoft.ai/events/5968-euro-plummets-to-14-year-nadir.md) | +1.6% | +1.1% |
| DXY | 2020-04-29 | [Euro seen falling to 1.05 to the US dollar by year-end: BofA](https://feedsoft.ai/events/53851-euro-seen-falling-to-1-05-to-the-us-dollar-by-year-end-bofa.md) | -0.5% | -1.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/901946/

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