# Euro-Dollar Week Ahead Forecast: Cooling Heels as ECB's Concerns, Vaccine Trouble Curbs Appetite

> The euro was flat on Friday but fell 0.32% over the week, leaving it down 0.61% for 2021. Stock market losses and ECB rhetoric about euro strength weighed on the currency. The article also flags a vaccine export crisis, with EU export restrictions on coronavirus vaccines taking effect.

- Date: 2021-01-31 · published 2021-01-31T12:00:00.000Z
- Category: market · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/49380-euro-dollar-week-ahead-forecast-cooling-heels-as-ecb-s-concerns-vaccine-trouble
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected euro weakness in the near term would modestly firm the dollar and pressure dollar-denominated commodity prices. The effect is likely small given the modest weekly move.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/14931-euro-dollar-week-ahead-forecast-cooling-it-s-heels-as-ecb-s-fx-concerns-vaccine-noise-curb-appetite

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