# Why Is The Euro-Dollar Forecast To Move Lower In Short-Term? | Exchange Rates UK

> The euro-dollar pair has been fairly steady this week despite coronavirus concerns spreading to Italy. Eurozone data beat forecasts while the dollar was volatile, and a commentary expects the pair to move lower in the short term.

- Date: 2020-02-24 · published 2020-02-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54803-why-is-the-euro-dollar-forecast-to-move-lower-in-short-term-exchange-rates-uk
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations for a softer euro would modestly strengthen the dollar, which can pressure dollar-priced commodity prices. The move is routine currency commentary with no new commodity-specific driver.

## Read by commodity

- EURUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/28697/2020-02-24-why-is-the-euro-dollar-forecast-to-move-lower-in-short-term.html

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