# Euro’s Comeback Rests on EU Leaders Agreeing on a Recovery Fund By Bloomberg

> The euro's recovery depends on EU leaders agreeing on a recovery fund, after the frugal four countered a Franco-German proposal for 500 billion euros with loans instead of grants. The European Commission was preparing its own proposal, and the euro had weakened to a three-year low in March. Analysts said a plan acceptable to all members is needed for the euro to move above 1.10.

- Date: 2020-05-26 · published 2020-05-26T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/53354-euro-s-comeback-rests-on-eu-leaders-agreeing-on-a-recovery-fund-by-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 credible EU recovery fund would support the euro against the dollar, which tends to lift dollar-priced commodity values for non-US buyers. Failure to agree would leave the euro vulnerable and the dollar firmer.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-12-20 | [Euro Outlook has Brightened as Currency Bloc's Stars Align for a Recovery](https://feedsoft.ai/events/61768-euro-outlook-has-brightened-as-currency-bloc-s-stars-align-for-a-recovery.md) | +0.2% | -0.3% |
| EURUSD | 2020-03-06 | [Resurgent Euro Puts Pressure on ECB Into Crunch Rate Meeting - Bloomberg](https://feedsoft.ai/events/54326-resurgent-euro-puts-pressure-on-ecb-into-crunch-rate-meeting-bloomberg.md) | -1.1% | -3.0% |
| EURUSD | 2025-03-04 | [EU/USD: Euro Hits 2025 High Versus Dollar on Europe Defense Spend Bets - Bloomberg](https://feedsoft.ai/events/5803-eu-usd-euro-hits-2025-high-versus-dollar-on-europe-defense-spend-bets-bloomberg.md) | +3.2% | +2.9% |
| EURUSD | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | -0.5% | -1.5% |
| EURUSD | 2022-05-23 | [Euro scales three-week high on Chinese recovery hopes](https://feedsoft.ai/events/12693-euro-scales-three-week-high-on-chinese-recovery-hopes.md) | +1.4% | -0.1% |
| DXY | 2018-12-20 | [Euro Outlook has Brightened as Currency Bloc's Stars Align for a Recovery](https://feedsoft.ai/events/61768-euro-outlook-has-brightened-as-currency-bloc-s-stars-align-for-a-recovery.md) | -0.1% | -1.1% |
| DXY | 2021-12-08 | [China's Yuan Highest Since 2018 as Easing Covid Worry Fuels Risk-On - Bloomberg](https://feedsoft.ai/events/11294-china-s-yuan-highest-since-2018-as-easing-covid-worry-fuels-risk-on-bloomberg.md) | +0.3% | -0.4% |
| DXY | 2025-03-04 | [EU/USD: Euro Hits 2025 High Versus Dollar on Europe Defense Spend Bets - Bloomberg](https://feedsoft.ai/events/5803-eu-usd-euro-hits-2025-high-versus-dollar-on-europe-defense-spend-bets-bloomberg.md) | -1.2% | -0.8% |

## Sources

- za.investing.com: https://za.investing.com/news/euros-comeback-rests-on-eu-leaders-agreeing-on-a-recovery-fund-2098725

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