# Euro seen falling to 1.05 to the US dollar by year-end: BofA

> Bank of America strategist Claudio Piron forecasts the euro falling to 1.05 per US dollar by year-end. He argues US coordinated fiscal and monetary action will strengthen the dollar, while Europe's monetary and fiscal responses are weaker.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/53851-euro-seen-falling-to-1-05-to-the-us-dollar-by-year-end-bofa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar lowers US commodity prices in dollar terms and makes US exports less competitive, which pressures grain and oilseed prices. It is a forecast rather than a new supply or demand event.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-12 | [MUFG: Euro-Dollar Trend Heading Towards 1.05](https://feedsoft.ai/events/9976-mufg-euro-dollar-trend-heading-towards-1-05.md) | +1.1% | +0.5% |
| DXY | 2024-10-14 | [US dollar climbs to 10-week peak; euro, China's yuan fall](https://feedsoft.ai/events/11042-us-dollar-climbs-to-10-week-peak-euro-china-s-yuan-fall.md) | +1.2% | +3.1% |
| DXY | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | +1.6% | +1.1% |
| DXY | 2022-08-01 | [Euro Falls to Equal the U.S. Dollar for the First Time in 20 Years (Published 2022)](https://feedsoft.ai/events/40713-euro-falls-to-equal-the-u-s-dollar-for-the-first-time-in-20-years-published-2022.md) | +0.5% | +1.1% |
| DXY | 2024-11-13 | [Why is the euro falling and could it hit $1?](https://feedsoft.ai/events/7554-why-is-the-euro-falling-and-could-it-hit-1.md) | -0.3% | +0.1% |
| EURUSD | 2024-04-12 | [MUFG: Euro-Dollar Trend Heading Towards 1.05](https://feedsoft.ai/events/9976-mufg-euro-dollar-trend-heading-towards-1-05.md) | -0.6% | +0.5% |
| EURUSD | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | -2.2% | -0.3% |
| EURUSD | 2022-08-01 | [Euro Falls to Equal the U.S. Dollar for the First Time in 20 Years (Published 2022)](https://feedsoft.ai/events/40713-euro-falls-to-equal-the-u-s-dollar-for-the-first-time-in-20-years-published-2022.md) | -0.3% | -2.0% |

## Sources

- cnbc.com: https://www.cnbc.com/video/2020/04/29/euro-seen-falling-to-1point05-to-the-us-dollar-by-year-end-bofa.html

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