# Goldman Sachs drops bet on euro against the dollar

> Goldman Sachs removed the euro from its basket of G-10 currencies expected to outperform the dollar, keeping long positions in the Canadian and Australian dollars. The change followed new lockdown measures in France and Germany and signals from the ECB that it may ease policy in December.

- Date: 2020-11-03 · published 2020-11-03T12:00:00.000Z
- Category: market · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/50371-goldman-sachs-drops-bet-on-euro-against-the-dollar
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A bank dropping the euro from its bullish list signals weaker near-term euro demand against the dollar, which slightly raises dollar-priced commodity costs for euro buyers.

## Read by commodity

- EURUSD: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2020/11/03/goldman-sachs-drops-bet-on-euro-against-the-dollar.html

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