# EUR/USD hits three-month highs, eyes German CPI — Octa

> EUR/USD rose to 1.1974, its highest since Sept 1, on Nov 30 as the safe-haven dollar extended losses on vaccine hopes. The pair was set to finish November with gains of at least 2%, while traders awaited German CPI data.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: market · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/50368-eur-usd-hits-three-month-highs-eyes-german-cpi-octa
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness supports dollar-priced commodity demand from non-US buyers, but the move is a routine currency wrap without a new policy or supply driver.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/866424/

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