# Deutsche Bank calls EUR/USD parity: "The Trump victory has changed things"

> Deutsche Bank's George Saravelos says the Trump victory changes the outlook and expects EUR/USD to break its 1.05-1.15 range and trade through parity next year. He cites rising US growth risks, a likely December Fed hike, and downside risks in Europe.

- Date: 2016-11-14 · published 2016-11-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9134-deutsche-bank-calls-eur-usd-parity-the-trump-victory-has-changed-things
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sustained dollar rally driven by Fed hikes and fiscal expansion would keep dollar-priced feed commodities under pressure and raise import costs for euro-based buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2016-11-14 | 1 | -1.5% | -3.7 | Deutsche Bank's call on 2016-11-14 for EUR/USD to reach parity, citing a likely Fed hike and European downside risks, reinforced bearish euro sentiment on the day of the move. |
| EURUSD | 2016-11-14 | 5 | -3.6% | -3.3 | Deutsche Bank's parity call on Nov 14 reflects and reinforces bearish sentiment on the euro from US growth and Fed-hike expectations and European risks. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-12-19 | [US: Something special in the offering – Deutsche Bank — Octa](https://feedsoft.ai/events/73658-us-something-special-in-the-offering-deutsche-bank-octa.md) | -0.1% | +2.2% |
| EURUSD | 2024-11-06 | [Euro (EUR/USD) Parity Back in Play as Trump Win Spurs Rates Divergence - Bloomberg](https://feedsoft.ai/events/5807-euro-eur-usd-parity-back-in-play-as-trump-win-spurs-rates-divergence-bloomberg.md) | -3.2% | -3.2% |
| EURUSD | 2024-11-12 | [(EUR/USD) Euro Parity With Dollar Is the Big New Call by Currency Analysts - Bloomberg](https://feedsoft.ai/events/7557-eur-usd-euro-parity-with-dollar-is-the-big-new-call-by-currency-analysts.md) | -1.2% | -1.8% |
| EURUSD | 2024-12-12 | [ECB delivers expected easing – Deutsche Bank](https://feedsoft.ai/events/27175-ecb-delivers-expected-easing-deutsche-bank.md) | -0.4% | -2.6% |
| EURUSD | 2022-03-16 | [EUR/USD: Not as cheap as it looks \| articles \| ING THINK](https://feedsoft.ai/events/42470-eur-usd-not-as-cheap-as-it-looks-articles-ing-think.md) | +0.4% | -1.1% |
| DXY | 2016-12-19 | [US: Something special in the offering – Deutsche Bank — Octa](https://feedsoft.ai/events/73658-us-something-special-in-the-offering-deutsche-bank-octa.md) | +0.4% | -0.5% |
| DXY | 2024-11-06 | [Euro (EUR/USD) Parity Back in Play as Trump Win Spurs Rates Divergence - Bloomberg](https://feedsoft.ai/events/5807-euro-eur-usd-parity-back-in-play-as-trump-win-spurs-rates-divergence-bloomberg.md) | +1.9% | +1.5% |
| DXY | 2016-11-16 | [Dollar bulls have room to run on Trump win, euro could reach parity with dollar](https://feedsoft.ai/events/9133-dollar-bulls-have-room-to-run-on-trump-win-euro-could-reach-parity-with-dollar.md) | +0.6% | -0.0% |

## Sources

- forexlive.com: https://www.forexlive.com/news/!/deutsche-bank-calls-eurusd-parity-the-trump-victory-has-changed-things-20161114

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