# EUR/USD still under pressure – Danske Bank — Octa

> Danske Bank analyst Mikael Milhoj said EUR/USD moved lower on August 30 after strong US data, despite firm German inflation. He expected weaker eurozone core inflation and a possible ECB move to address euro appreciation at its next meeting. He saw the pair under pressure near term.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: macro · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/69668-eur-usd-still-under-pressure-danske-bank-octa
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expected ECB action against euro strength would support the dollar and could pressure dollar-priced grain and meal values. The impact on feed prices is limited.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2019-04-29 | [EUR/USD: US Dollar weakness potential limited by ECB - Danske Bank - Forex Crunch](https://feedsoft.ai/events/59798-eur-usd-us-dollar-weakness-potential-limited-by-ecb-danske-bank-forex-crunch.md) | +0.3% | +0.4% |
| EURUSD | 2018-04-12 | [Euro in Danger as Strength Now a Pressing Issue for the European Central Bank](https://feedsoft.ai/events/65729-euro-in-danger-as-strength-now-a-pressing-issue-for-the-european-central-bank.md) | -0.0% | -4.3% |
| EURUSD | 2025-01-31 | [EUR/USD faces pressure as Trump's tariff threats improve USD's appeal](https://feedsoft.ai/events/26727-eur-usd-faces-pressure-as-trump-s-tariff-threats-improve-usd-s-appeal.md) | -0.5% | -0.2% |
| EURUSD | 2025-10-31 | [EUR/USD Faces Pressure as ECB Dovish Tilt Raises Odds of a 2026 Rate Cut \| Investing.com](https://feedsoft.ai/events/22636-eur-usd-faces-pressure-as-ecb-dovish-tilt-raises-odds-of-a-2026-rate-cut.md) | -0.2% | +0.5% |
| EURUSD | 2024-11-06 | [EUR/USD dives with Trump 2.O, Fed policy comes under spotlight](https://feedsoft.ai/events/5813-eur-usd-dives-with-trump-2-o-fed-policy-comes-under-spotlight.md) | -3.2% | -3.2% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/484244/

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