# EUR is growing up - SocGen — Octa

> Societe Generale analyst Kit Juckes says the euro's strength reflects ECB policy and that the currency is likely to return toward purchasing-power parity over time. EUR/USD was cited at about 1.33 at the end of 2017.

- Date: 2017-12-29 · published 2017-12-29T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/67686-eur-is-growing-up-socgen-octa
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A long-run move toward PPP parity would strengthen the euro against the dollar, lowering the local-currency cost of dollar-priced commodities for European buyers. The effect on feed prices is indirect and gradual.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-08-31 | [EUR/USD: The broad trend is to the upside — Octa](https://feedsoft.ai/events/51829-eur-usd-the-broad-trend-is-to-the-upside-octa.md) | -0.7% | -2.0% |
| EURUSD | 2020-05-29 | [EUR/USD: Balance of risks shifting in favour of stronger euro – MUFG — Octa](https://feedsoft.ai/events/53356-eur-usd-balance-of-risks-shifting-in-favour-of-stronger-euro-mufg-octa.md) | +2.3% | +1.4% |
| EURUSD | 2017-11-14 | [Euro rises on strong economic growth in Germany](https://feedsoft.ai/events/68187-euro-rises-on-strong-economic-growth-in-germany.md) | +0.7% | +0.6% |
| EURUSD | 2017-08-25 | [Euro climbs after Draghi says global recovery is firming up](https://feedsoft.ai/events/69664-euro-climbs-after-draghi-says-global-recovery-is-firming-up.md) | +0.8% | +1.4% |
| EURUSD | 2026-07-30 | [Euro: Strong GDP supports September ECB hike – BBH — Octa](https://feedsoft.ai/events/7692-euro-strong-gdp-supports-september-ecb-hike-bbh-octa.md) | +1.4% | +2.3% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/525786/

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