# Macroscope | Why 2018 could be the year of the euro | South China Morning Post

> A South China Morning Post column argues the euro could strengthen further in 2018, supported by strong euro-zone PMI readings and dollar weakness. It notes that a rising euro complicates the ECB's inflation goal.

- Date: 2017-12-26 · published 2017-12-26T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/67682-macroscope-why-2018-could-be-the-year-of-the-euro-south-china-morning-post
- 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 against the dollar tends to weigh on dollar-denominated commodity prices and can lower the local cost of imported feed for European buyers. The effect is a modest macro driver rather than a direct supply shift.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-03-10 | [Best day in 5-years for EUR/USD ahead of the March ECB meeting](https://feedsoft.ai/events/9525-best-day-in-5-years-for-eur-usd-ahead-of-the-march-ecb-meeting.md) | -0.7% | -1.4% |
| EURUSD | 2022-08-30 | [ECB bets boost euro, US dollar slips from 20 year peak - The Business Times](https://feedsoft.ai/events/40248-ecb-bets-boost-euro-us-dollar-slips-from-20-year-peak-the-business-times.md) | -0.9% | -3.8% |
| EURUSD | 2022-05-23 | [Why some ECB officials are suddenly concerned about the weak euro \| snaps \| ING THINK](https://feedsoft.ai/events/41609-why-some-ecb-officials-are-suddenly-concerned-about-the-weak-euro-snaps-ing.md) | +1.4% | -0.1% |
| EURUSD | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | -0.5% | -1.5% |
| EURUSD | 2026-05-29 | [Euro-Dollar: Why Markets Think The ECB Will Hike Before The Fed](https://feedsoft.ai/events/19473-euro-dollar-why-markets-think-the-ecb-will-hike-before-the-fed.md) | -0.2% | -2.1% |
| DXY | 2017-08-21 | [Macroscope \| How to read the outlook for the US dollar \| South China Morning Post](https://feedsoft.ai/events/69641-macroscope-how-to-read-the-outlook-for-the-us-dollar-south-china-morning-post.md) | -0.6% | -1.3% |
| DXY | 2017-09-29 | [Can the US dollar make a comeback? \| South China Morning Post](https://feedsoft.ai/events/69153-can-the-us-dollar-make-a-comeback-south-china-morning-post.md) | +0.3% | +1.7% |
| DXY | 2017-09-08 | [Across The Border \| China’s huge currency rally could have further to go, analysts say \| South China Morning Post](https://feedsoft.ai/events/7798-across-the-border-china-s-huge-currency-rally-could-have-further-to-go-analysts.md) | +0.6% | +2.5% |

## Sources

- scmp.com: https://www.scmp.com/business/banking-finance/article/2125637/why-2018-could-be-year-euro

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