# Euro-Dollar Can Pass 1.20 withouth Drawing ECB Ire says Goldmans

> Goldman Sachs research says the euro's 2020 rally against the dollar, up about 6.5% year to date, can continue without drawing ECB objections. Other analysts see 1.20 as a possible ECB line in the sand.

- Date: 2020-08-27 · published 2020-08-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51825-euro-dollar-can-pass-1-20-withouth-drawing-ecb-ire-says-goldmans
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger euro and weaker dollar tends to support dollar-priced commodities, though the ECB pushback risk limits how far the move may run.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-04-19 | [Goldman Sachs backs the euro as the dollar hits two-month lows](https://feedsoft.ai/events/47789-goldman-sachs-backs-the-euro-as-the-dollar-hits-two-month-lows.md) | +0.7% | +1.3% |
| EURUSD | 2017-04-19 | [Goldman Sachs: We’re closing two of our long-dollar ‘top trades’](https://feedsoft.ai/events/71410-goldman-sachs-we-re-closing-two-of-our-long-dollar-top-trades.md) | +2.2% | +3.4% |
| EURUSD | 2017-03-24 | [Barclays no longer sees euro-dollar parity in 2017](https://feedsoft.ai/events/72201-barclays-no-longer-sees-euro-dollar-parity-in-2017.md) | -0.6% | -0.3% |
| EURUSD | 2022-05-26 | [ECB policy indicates the euro will avoid parity with the dollar \| FrontierView](https://feedsoft.ai/events/41610-ecb-policy-indicates-the-euro-will-avoid-parity-with-the-dollar-frontierview.md) | +0.7% | -1.1% |
| EURUSD | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | +1.5% | +1.5% |
| DXY | 2021-04-19 | [Goldman Sachs backs the euro as the dollar hits two-month lows](https://feedsoft.ai/events/47789-goldman-sachs-backs-the-euro-as-the-dollar-hits-two-month-lows.md) | -0.3% | -1.2% |
| DXY | 2017-04-19 | [Goldman Sachs: We’re closing two of our long-dollar ‘top trades’](https://feedsoft.ai/events/71410-goldman-sachs-we-re-closing-two-of-our-long-dollar-top-trades.md) | +0.2% | -0.2% |
| DXY | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | -1.3% | -1.3% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/14001-euro-to-dollar-rally-seen-eluding-ecb-ire-in-short-term-but-1-20-may-be-a-rubicon

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