Loading…
EUR/USD settled in the low 1.1900s and was on track for its worst week since October 2020, down about 1.3% on the week. Weakness followed Powell's remarks, a strong US payrolls report and a wider yield gap favouring the dollar.
Persistent dollar strength driven by yield differentials is a routine headwind for dollar-priced commodity exports, though this is a market wrap without a new supply or demand shock.
octaafrica.netMar 5, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
EUR/USD settled in the low 1.19s on the worst week since October, driven by a strong US payrolls report and a widening yield gap favouring the dollar.
EUR/USD fell to the low 1.1900s on March 5 on strong payrolls and a widening yield gap, reflecting broad dollar strength given the euro's large index weight.
