# Euro spurs currency experts to recalibrate outlook | The National

> Bloomberg reports that the euro has risen more than 3% since the start of 2018, surpassing most FX forecasts. Several major banks have raised their EUR/USD targets, with some projecting 1.26 to 1.29 by year-end. Analysts attribute the move largely to dollar weakness.

- Date: 2018-02-07 · published 2018-02-07T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/66706-euro-spurs-currency-experts-to-recalibrate-outlook-the-national
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger euro and weaker dollar tend to support higher dollar-priced commodity values and can make US feed exports less competitive in Europe. Feed buyers in euro-zone markets face higher import costs in local currency terms.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-12-20 | [Euro Outlook has Brightened as Currency Bloc's Stars Align for a Recovery](https://feedsoft.ai/events/61768-euro-outlook-has-brightened-as-currency-bloc-s-stars-align-for-a-recovery.md) | +0.2% | -0.3% |
| EURUSD | 2019-09-13 | [Euro surges as ECB rate cut seems to mark last stimulus move \| The National](https://feedsoft.ai/events/57278-euro-surges-as-ecb-rate-cut-seems-to-mark-last-stimulus-move-the-national.md) | -0.3% | -0.5% |
| EURUSD | 2022-02-19 | [End of European Central Bank’s reign as dovish bastion likely to spark rebound for euro \| The National](https://feedsoft.ai/events/42902-end-of-european-central-bank-s-reign-as-dovish-bastion-likely-to-spark-rebound.md) | -0.9% | -2.5% |
| EURUSD | 2024-05-14 | [Recovering euro keeps dollar 'gorilla' from scuppering ECB rate outlook](https://feedsoft.ai/events/30467-recovering-euro-keeps-dollar-gorilla-from-scuppering-ecb-rate-outlook.md) | +0.6% | -0.6% |
| EURUSD | 2020-08-28 | [Euro (EUR USD) Revives Global Challenge for the Dollar’s Currency Crown - Bloomberg](https://feedsoft.ai/events/51823-euro-eur-usd-revives-global-challenge-for-the-dollar-s-currency-crown-bloomberg.md) | +0.1% | -1.7% |
| DXY | 2018-12-20 | [Euro Outlook has Brightened as Currency Bloc's Stars Align for a Recovery](https://feedsoft.ai/events/61768-euro-outlook-has-brightened-as-currency-bloc-s-stars-align-for-a-recovery.md) | -0.1% | -1.1% |
| DXY | 2019-09-13 | [Euro surges as ECB rate cut seems to mark last stimulus move \| The National](https://feedsoft.ai/events/57278-euro-surges-as-ecb-rate-cut-seems-to-mark-last-stimulus-move-the-national.md) | +0.2% | +0.4% |
| DXY | 2022-11-12 | [Why investors don't expect the dollar selloff to last beyond current rout \| The National](https://feedsoft.ai/events/7562-why-investors-don-t-expect-the-dollar-selloff-to-last-beyond-current-rout-the.md) | -0.7% | -1.6% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/euro-spurs-currency-experts-to-recalibrate-outlook-1.702372

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