# EUR/USD: The broad trend is to the upside — Octa

> EUR/USD is holding most of its gains as markets respond to coronavirus vaccine news. Analysts cite the Fed's dovish shift as a continuing drag on the dollar, with eurozone inflation data due.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/51829-eur-usd-the-broad-trend-is-to-the-upside-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Continued dollar weakness supports dollar-priced commodities, though weak eurozone inflation limits the ECB's room to tighten.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-05-19 | [USD: Expect the strong trend to fade – Goldman Sachs — Octa](https://feedsoft.ai/events/71188-usd-expect-the-strong-trend-to-fade-goldman-sachs-octa.md) | -0.8% | -1.4% |
| DXY | 2018-01-24 | [USD: Broad-based decline - AmpGFX — Octa](https://feedsoft.ai/events/10404-usd-broad-based-decline-ampgfx-octa.md) | -0.8% | -0.1% |
| DXY | 2017-06-29 | [CNY rally on the back of broad USD depreciation - Westpac — Octa](https://feedsoft.ai/events/11185-cny-rally-on-the-back-of-broad-usd-depreciation-westpac-octa.md) | +0.3% | -1.7% |
| DXY | 2017-08-29 | [USD: Guided by the Fed’s expectations - BBH — Octa](https://feedsoft.ai/events/69639-usd-guided-by-the-fed-s-expectations-bbh-octa.md) | -0.3% | +0.5% |
| DXY | 2025-08-28 | [EUR/USD ticks up to near 1.1650, French risks might cap upside](https://feedsoft.ai/events/23536-eur-usd-ticks-up-to-near-1-1650-french-risks-might-cap-upside.md) | +0.0% | -0.2% |
| EURUSD | 2017-12-29 | [EUR is growing up - SocGen — Octa](https://feedsoft.ai/events/67686-eur-is-growing-up-socgen-octa.md) | +0.7% | +3.3% |
| EURUSD | 2025-08-28 | [EUR/USD ticks up to near 1.1650, French risks might cap upside](https://feedsoft.ai/events/23536-eur-usd-ticks-up-to-near-1-1650-french-risks-might-cap-upside.md) | +0.3% | +0.5% |
| EURUSD | 2024-07-29 | [EUR/USD extends upside above 1.0850, eyes on Eurozone GDP, Fed rate decision — Octa](https://feedsoft.ai/events/29487-eur-usd-extends-upside-above-1-0850-eyes-on-eurozone-gdp-fed-rate-decision-octa.md) | +0.5% | +2.9% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/846330/

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