
EUR/USD is falling as the US economic outlook improves relative to Europe, even though euro area PMI readings beat forecasts. French 10-year yields rose and the French-German spread reached its widest since the sovereign debt crisis.
Washington reportedly wants the EU to release about 120 million barrels of diesel from emergency reserves over six months and has signaled it could restrict US diesel exports.
Possible diesel releases and US export restrictions could shift diesel supply and freight costs for feed producers. Higher energy costs in Europe also weigh on the euro and the purchasing power of European feed buyers.
Tras 27 eventos neutral de política pasados, ULSD / Diésel se movió una mediana de -1,4 % en 5 sesiones (41% al alza; mitad central entre -4,3 % y +2,6 %), y -4,6 % en 20.
Tras 12 eventos de política pasados, Euro (USD por EUR) se movió una mediana de +0,3 % en 5 sesiones (75% al alza; mitad central entre -0,1 % y +1,0 %), y +0,7 % 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.
Notes EUR/USD decline on 1 Oct from a relatively better US outlook, a widening French spread and energy price concerns, which fits the day's move though it is less specific.