Loading…
The euro fell to a 28-month low against the dollar as markets priced in deeper negative euro-zone rates and a likely ECB rate cut. Sterling also fell ahead of a Brexit parliamentary vote, while the dollar strengthened as the US-China trade dispute intensified.
A weaker euro and pound make dollar-priced commodities relatively more expensive for European buyers, which is modestly bearish for US commodity prices. Euro-zone stimulus expectations signal weak European demand.
cnbc.comReutersSep 3, 2019After 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.
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.
