
Commerzbank analyst Thu Lan Nguyen says the euro is likely to rise against the dollar even if the Fed and ECB resume rate cuts next year. She expects EUR/USD at $1.21 by end-2027 from about $1.1636.
This is a longer-term currency forecast with limited near-term effect on feed commodity prices, though a weaker dollar would modestly support dollar-priced commodity imports.
After 388 past bullish macro events, EURUSD moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.