# Euro To US Dollar Exchange Rate Forecast: "EUR/USD Quietly Consolidating Below $1.12 As Markets Eye Italy/EU Confrontation" | Exchange Rates UK

> The euro traded below $1.12 in a holding pattern, and a stronger-than-expected US consumer confidence reading helped push it lower toward $1.11575. Strong demand for US Treasuries boosted the dollar, yen and Swiss franc. Analysts pointed to trade concerns and European political instability as pressure on the euro.

- Date: 2019-05-27 · published 2019-05-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59296-euro-to-us-dollar-exchange-rate-forecast-and-quot-eur-usd-quietly-consolidating
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar from risk-off flows tends to weigh on dollar-priced grain and oilseed values, though the move reflects currency trading rather than a change in crop fundamentals.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25956/2019-05-27-euro-us-dollar-exchange-rate-forecasts-dovish-fed-could-trigger-higher-fibre.html

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