# Euro To Dollar: EUR/USD Exchange Rate ?Downside Risks Seem High? Warns Credit Agricole

> Credit Agricole warned that EUR/USD downside risks seem high as the pair turned down from overbought levels ahead of the June ECB meeting. The pair fell about 250 pips from a recent high of 1.1268 to 1.109.

- Date: 2017-05-30 · published 2017-05-30T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/71212-euro-to-dollar-eur-usd-exchange-rate-downside-risks-seem-high-warns-credit
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Profit-taking in euro longs strengthens the dollar, which can pressure dollar-priced commodities and make US exports less competitive in the short term.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/18140/eurusd-euro-to-dollar-downside-risks.html

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