# EUR/USD: Justifiably Weaker On 2 Factors - Barclays - Forex Crunch

> EUR/USD bounced off support at 1.0710 but is attempting to move lower. Barclays attributes further downside to widening US-euro area two-year rate differentials and rising euro area political risk premia after Trump's election.

- Date: 2016-11-16 · published 2016-11-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9130-eur-usd-justifiably-weaker-on-2-factors-barclays-forex-crunch
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Wider rate differentials and political risk support a stronger dollar against the euro, which tends to weigh on dollar-denominated commodity prices and shifts relative export competitiveness for feed grains.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-02-26 | [EUR/USD set to end the week on a sour note, drops sharply back below 1.2100 - Forex Crunch](https://feedsoft.ai/events/9591-eur-usd-set-to-end-the-week-on-a-sour-note-drops-sharply-back-below-1-2100.md) | -1.5% | -3.7% |
| 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 | 2018-08-10 | [It took Turkey to send EUR/USD to new 2018 lows - Forex Crunch](https://feedsoft.ai/events/11067-it-took-turkey-to-send-eur-usd-to-new-2018-lows-forex-crunch.md) | -1.5% | +0.1% |
| EURUSD | 2018-01-29 | [EUR/USD suffers from taper talk, USD recovery - it may be temporary - Forex Crunch](https://feedsoft.ai/events/67191-eur-usd-suffers-from-taper-talk-usd-recovery-it-may-be-temporary-forex-crunch.md) | +0.2% | -1.0% |
| EURUSD | 2018-05-30 | [EUR/USD: Only 3 Big Figures Of Risk-Premium Priced In; Scope For Lower Extension - BTMU - Forex Crunch](https://feedsoft.ai/events/65219-eur-usd-only-3-big-figures-of-risk-premium-priced-in-scope-for-lower-extension.md) | +1.0% | +1.1% |
| DXY | 2021-02-26 | [EUR/USD set to end the week on a sour note, drops sharply back below 1.2100 - Forex Crunch](https://feedsoft.ai/events/9591-eur-usd-set-to-end-the-week-on-a-sour-note-drops-sharply-back-below-1-2100.md) | +0.7% | +1.9% |
| DXY | 2019-09-23 | [USD repo moves: Impact on AUD - ANZ - Forex Crunch](https://feedsoft.ai/events/57335-usd-repo-moves-impact-on-aud-anz-forex-crunch.md) | +0.5% | -1.0% |
| DXY | 2019-07-28 | [USD/JPY Forecast July 29-August 2 - Yen slips as U.S. GDP beats forecast - Forex Crunch](https://feedsoft.ai/events/58323-usd-jpy-forecast-july-29-august-2-yen-slips-as-u-s-gdp-beats-forecast-forex.md) | +0.6% | +1.5% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2016/11/16/eurusd-justifiably-weaker-2-factors-barclays/

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