# EUR/USD: what is driving this curious price action? - Westpac — Octa

> Westpac analysts note the dollar has struggled to benefit from firm US data and rising yield support, with EUR/USD rising mainly on days when yield spreads move in the euro's favour. They suggest uncertainty around Fed leadership, tax cuts and North Korea may be weighing on the dollar.

- Date: 2017-11-30 · published 2017-11-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68189-eur-usd-what-is-driving-this-curious-price-action-westpac-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A dollar that fails to respond to yield gains is less supportive of US commodity pricing, and any reversal in data surprises could strengthen the dollar and pressure dollar-denominated feed prices.

## Read by commodity

- DXY: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/516858/

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