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The euro had risen about 5% from its late-February lows ahead of the European Central Bank's rate meeting. Bloomberg reported that the advance was putting pressure on the ECB.
The Federal Reserve was described as reacting faster to the global virus growth shock.
A stronger euro reduces the dollar index, which can support dollar-priced commodities, but expectations of a central bank response can also shift the balance quickly. The story is a currency preview with limited direct effect on feed supply or demand.
bloomberg.comMichael Hunter, Piotr Skolimowski6 mar 2020Tras 388 eventos alcista de macro pasados, Euro (USD por EUR) se movió una mediana de +0,3 % en 5 sesiones (62% al alza; mitad central entre -0,4 % y +1,1 %), y +0,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
