# Relative liquidity supply has lead EUR/USD higher – Nordea Markets — Octa

> Nordea Markets notes EUR/USD has risen despite interest rate spreads favouring the dollar, citing slower ECB asset purchases and a US Treasury cash drawdown tied to the debt ceiling. It keeps a higher EUR/USD view into 2019 but a lower short-term view.

- Date: 2018-03-26 · published 2018-03-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/66203-relative-liquidity-supply-has-lead-eur-usd-higher-nordea-markets-octa
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Shifts in dollar liquidity and FX direction influence dollar-priced commodity competitiveness, though the link to feed prices is indirect.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-12-24 | [EUR/USD steady near 1.1800 amid thin liquidity, policy divergence](https://feedsoft.ai/events/21720-eur-usd-steady-near-1-1800-amid-thin-liquidity-policy-divergence.md) | -0.3% | -0.0% |
| EURUSD | 2020-02-28 | [EUR/USD volatility jumps to one-year high, 10bps June ECB rate cut priced in — Octa](https://feedsoft.ai/events/54801-eur-usd-volatility-jumps-to-one-year-high-10bps-june-ecb-rate-cut-priced-in-octa.md) | +2.0% | +0.4% |
| EURUSD | 2022-10-31 | [EUR/USD: High inflation to dampen the risk of a sharper euro sell-off – MUFG: Analytics and Market news from 31 October 2022 14:35](https://feedsoft.ai/events/39366-eur-usd-high-inflation-to-dampen-the-risk-of-a-sharper-euro-sell-off-mufg.md) | -0.4% | +4.2% |
| EURUSD | 2018-03-07 | [Market Voice: Why have EURUSD and Rate Spreads Gone in Reverse Gear? \| Lipper Alpha Insight \| LSEG](https://feedsoft.ai/events/66200-market-voice-why-have-eurusd-and-rate-spreads-gone-in-reverse-gear-lipper-alpha.md) | -0.1% | -1.2% |
| EURUSD | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | -0.7% | +2.3% |
| DXY | 2021-09-09 | [Euro inches higher ahead of ECB decision on bond buying - Markets - Business Recorder](https://feedsoft.ai/events/45271-euro-inches-higher-ahead-of-ecb-decision-on-bond-buying-markets-business.md) | -0.2% | +1.3% |
| DXY | 2024-03-26 | [It will be a sideways bumpy road for the USD in the coming months – Nordea — Octa](https://feedsoft.ai/events/31394-it-will-be-a-sideways-bumpy-road-for-the-usd-in-the-coming-months-nordea-octa.md) | +0.4% | +1.7% |
| DXY | 2021-01-28 | [China's yuan inches up as tight liquidity pushes interbank rates higher \| Financial Post](https://feedsoft.ai/events/49361-china-s-yuan-inches-up-as-tight-liquidity-pushes-interbank-rates-higher.md) | +0.2% | -0.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/552485/

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