# Euro (EUR USD) Revives Global Challenge for the Dollar’s Currency Crown - Bloomberg

> Goldman Sachs sees the euro rising to $1.25 over the next 12 months, with the common currency gaining strength as a challenger to the dollar. The Federal Reserve's inflation shift and the U.S. election race are weighing on the dollar.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51823-euro-eur-usd-revives-global-challenge-for-the-dollar-s-currency-crown-bloomberg
- 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 lifts USD-priced commodities and can support US export competitiveness shifts; for feed buyers, a firmer euro modestly supports prices for dollar-denominated grains and meal in the short run.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-12-22 | [Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg](https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets.md) | +0.7% | -1.5% |
| EURUSD | 2023-04-13 | [Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg](https://feedsoft.ai/events/36584-euro-surges-to-strongest-in-a-year-as-fed-cut-bets-batter-dollar-bloomberg.md) | -0.3% | -0.2% |
| EURUSD | 2021-01-06 | [Slumping U.S. Dollar Creates Problem for Central Banks Elsewhere - Bloomberg](https://feedsoft.ai/events/49398-slumping-u-s-dollar-creates-problem-for-central-banks-elsewhere-bloomberg.md) | -1.0% | -2.6% |
| EURUSD | 2020-03-09 | [US dollar market sees major sell off as currency traders buy EUR](https://feedsoft.ai/events/10776-us-dollar-market-sees-major-sell-off-as-currency-traders-buy-eur.md) | -2.2% | -4.6% |
| EURUSD | 2025-09-01 | [EUR USD: Dollar Anxiety Has Boosted Euro, But Policymakers Face More Challenges](https://feedsoft.ai/events/23540-eur-usd-dollar-anxiety-has-boosted-euro-but-policymakers-face-more-challenges.md) | +0.5% | +0.3% |
| DXY | 2023-12-22 | [Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg](https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets.md) | -0.8% | +1.5% |
| DXY | 2025-06-23 | [US Dollar (USD) Erases Gain as Fed's Bowman Signal July Rate Cut Support - Bloomberg](https://feedsoft.ai/events/24417-us-dollar-usd-erases-gain-as-fed-s-bowman-signal-july-rate-cut-support-bloomberg.md) | -1.1% | -0.9% |
| DXY | 2021-05-25 | [Floundering dollar falls to bottom of global currency heap](https://feedsoft.ai/events/47282-floundering-dollar-falls-to-bottom-of-global-currency-heap.md) | -0.4% | +1.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-08-28/euro-revives-global-challenge-for-the-dollar-s-currency-crown

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