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EUR/USD dipped toward $1.20 as concerns over the slow pace of the EU's Covid-19 vaccine rollout weighed on the euro. The dollar edged higher even as the US House passed a $1.9 trillion stimulus package, and German manufacturing PMI rose to 60.7.
Euro weakness and a firmer dollar tend to lower the dollar price of US-origin commodities for European buyers, while eurozone growth concerns can soften demand for feed.
euroexchangeratenews.co.ukDavid MooreMar 1, 2021After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
