# DXY to come off: we like to buy into any dip below 1.1550 in EUR/USD - Nordea - Forex Crunch

> Nordea analysts expect the dollar index to peak before year-end as excess USD liquidity shrinks, and they recommend buying EUR/USD on dips below 1.1550. They cite a narrowing core inflation spread between the US and euro area as a future euro-positive factor.

- Date: 2018-09-30 · published 2018-09-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/63254-dxy-to-come-off-we-like-to-buy-into-any-dip-below-1-1550-in-eur-usd-nordea
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A forecast of a weaker dollar into the new year would, if realized, support dollar-priced commodities and lower import costs for euro-zone feed buyers.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-28 | [EUR/USD: Central banks to favor the euro - Forex Crunch](https://feedsoft.ai/events/54804-eur-usd-central-banks-to-favor-the-euro-forex-crunch.md) | -0.5% | +4.3% |
| DXY | 2020-01-06 | [DXY: peaked in Q3 2019? - UOB - Forex Crunch](https://feedsoft.ai/events/55254-dxy-peaked-in-q3-2019-uob-forex-crunch.md) | +0.1% | +1.0% |
| DXY | 2019-12-31 | [USD/JPY consolidates near three-week lows, around 108.70 - Forex Crunch](https://feedsoft.ai/events/55797-usd-jpy-consolidates-near-three-week-lows-around-108-70-forex-crunch.md) | +0.2% | +0.6% |
| DXY | 2021-10-28 | [Fed’s go-slow approach likely to keep USD weaker, for now - OFX (US)](https://feedsoft.ai/events/44743-fed-s-go-slow-approach-likely-to-keep-usd-weaker-for-now-ofx-us.md) | +0.6% | +2.5% |
| DXY | 2020-03-23 | [EUR/USD: FED Unlimited QE Sees Euro Gains But Nordea Unwilling To Call For Weaker Dollar Outlook](https://feedsoft.ai/events/11349-eur-usd-fed-unlimited-qe-sees-euro-gains-but-nordea-unwilling-to-call-for.md) | -2.0% | -1.7% |
| EURUSD | 2020-02-28 | [EUR/USD: Central banks to favor the euro - Forex Crunch](https://feedsoft.ai/events/54804-eur-usd-central-banks-to-favor-the-euro-forex-crunch.md) | +2.0% | +0.4% |
| EURUSD | 2020-03-23 | [EUR/USD: FED Unlimited QE Sees Euro Gains But Nordea Unwilling To Call For Weaker Dollar Outlook](https://feedsoft.ai/events/11349-eur-usd-fed-unlimited-qe-sees-euro-gains-but-nordea-unwilling-to-call-for.md) | +3.5% | +1.9% |
| EURUSD | 2020-03-02 | [EUR/USD defies gravity on relentless unwind of the carry trade - Forex Crunch](https://feedsoft.ai/events/6186-eur-usd-defies-gravity-on-relentless-unwind-of-the-carry-trade-forex-crunch.md) | +2.9% | +0.5% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/10/01/dxy-to-come-off-we-like-to-buy-into-any-dip-below-1-1550-in-eur-usd-nordea/

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