# EUR/USD holding on to the 1.17-1.20 range – Danske Bank — Octa

> Danske Bank analyst Jens Pedersen expects EUR/USD to stay within the 1.17-1.20 range for now. He sees upside risk in 2018 if the ECB moves toward unwinding quantitative easing.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/67685-eur-usd-holding-on-to-the-1-17-1-20-range-danske-bank-octa
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Currency views on the euro-dollar pair affect the relative cost of dollar-priced commodities for European buyers. The commentary is a forecast with no direct supply or demand change.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-03-07 | [EUR/USD up on the day after conclusion of ECB policy meeting](https://feedsoft.ai/events/31422-eur-usd-up-on-the-day-after-conclusion-of-ecb-policy-meeting.md) | +0.3% | -0.8% |
| 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% |
| 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 | 2017-11-02 | [Bank Rate increased to 0.50% - November 2017 \| Bank of England – the UK's central bank](https://feedsoft.ai/events/68228-bank-rate-increased-to-0-50-november-2017-bank-of-england-the-uk-s-central-bank.md) | -0.2% | +2.5% |
| 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% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/517197/

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