# EUR/USD bounces from one-month low on dollar weakness, German GDP could be a non-event — Octa

> EUR/USD recovered from a one-month low as the dollar lost ground across the board. The dollar index traded near 93.77 and the yuan gained against the dollar. German and eurozone GDP data were scheduled for release.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/50843-eur-usd-bounces-from-one-month-low-on-dollar-weakness-german-gdp-could-be-a-non
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar can support dollar-priced commodity prices and improve import demand from non-dollar buyers. The move is a routine currency fluctuation.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/859738/

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