# EUR/USD: Data To Boost Eurozone Outlook? - Currency Live

> The euro fell for a fourth week to a seven-week low of $1.1020 on January 24, 2020, closing down 0.6%. The dollar gained on coronavirus fears, and the market awaited German IFO and other eurozone data.

- Date: 2020-01-27 · published 2020-01-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/55294-eur-usd-data-to-boost-eurozone-outlook-currency-live
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar strength driven by safe-haven flows tends to pressure dollar-priced commodities. Euro-zone data may shift the currency pair later in the week.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Sources

- currencylive.com: https://currencylive.com/news/102180-eur-usd-data-to-boost-eurozone-outlook/

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