# EUR jumps 0.7% as sentiment turns decisively positive – Scotiabank

> The euro rose 0.7% against the dollar as sentiment improved, with a stronger-than-expected ZEW survey for Germany and the euro area. Scotiabank noted EUR/USD cleared its 50-day moving average around 1.1666 and is seen trading in a 1.17 to 1.18 range.

- Date: 2026-01-20 · published 2026-01-20T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/7343-eur-jumps-0-7-as-sentiment-turns-decisively-positive-scotiabank
- 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 and weaker dollar mainly shift currency-driven feed import costs for euro-area buyers and marginally support dollar-priced commodities. The move is technical commentary with limited direct effect on feed supply.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2026-01-20 | 1 | +1.2% | 4.3 | A stronger-than-expected ZEW survey improved euro sentiment and pushed EUR/USD through its 50-day moving average on the day. |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-jumps-07-as-sentiment-turns-decisively-positive-scotiabank-202601201516

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