# Economic prospects to maintain support for the euro | Capital Economics

> Capital Economics says the euro's recent appreciation against the dollar reflects better euro-zone growth prospects despite expected continued loose ECB policy. It no longer expects rate differentials to cause a significant euro depreciation.

- Date: 2017-05-23 · published 2017-05-23T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/71210-economic-prospects-to-maintain-support-for-the-euro-capital-economics
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer euro against the dollar tends to soften the dollar index, modestly supporting dollar-priced grains and oilseeds, though the effect on feed prices is limited.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-05-24 | [Europe’s economic recovery: challenges and opportunities for the banking sector](https://feedsoft.ai/events/71215-europe-s-economic-recovery-challenges-and-opportunities-for-the-banking-sector.md) | +0.3% | -0.5% |
| EURUSD | 2018-02-21 | [US: Weaker dollar is here to stay – Capital Economics — Octa](https://feedsoft.ai/events/66699-us-weaker-dollar-is-here-to-stay-capital-economics-octa.md) | -0.9% | -0.6% |
| EURUSD | 2017-10-26 | [European Central Bank to scale back massive economic stimulus programme from next year \| The Independent \| The Independent](https://feedsoft.ai/events/68673-european-central-bank-to-scale-back-massive-economic-stimulus-programme-from.md) | -1.6% | +1.1% |
| EURUSD | 2022-05-31 | [Goldman Sachs Maintain a "Constructive" Euro Forecast](https://feedsoft.ai/events/41612-goldman-sachs-maintain-a-constructive-euro-forecast.md) | -0.1% | -1.6% |
| EURUSD | 2023-01-26 | [Euro hits fresh nine-month highs on ECB prospects](https://feedsoft.ai/events/38000-euro-hits-fresh-nine-month-highs-on-ecb-prospects.md) | +0.1% | -2.9% |
| DXY | 2019-02-01 | [New year bounce to lose momentum \| Capital Economics](https://feedsoft.ai/events/60503-new-year-bounce-to-lose-momentum-capital-economics.md) | +0.8% | +1.0% |
| DXY | 2025-09-19 | [Fed rate cuts won’t be a major influence on commodity prices \| Capital Economics](https://feedsoft.ai/events/22760-fed-rate-cuts-won-t-be-a-major-influence-on-commodity-prices-capital-economics.md) | +0.7% | +0.9% |
| DXY | 2018-02-21 | [US: Weaker dollar is here to stay – Capital Economics — Octa](https://feedsoft.ai/events/66699-us-weaker-dollar-is-here-to-stay-capital-economics-octa.md) | +0.5% | +0.3% |

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/european-economics/european-economics-update/economic-prospects-to-maintain-support-for-the-euro

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