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ECB policymaker Pierre Wunsch said a euro falling to parity with the dollar would offset the impact of 10% US tariffs on euro zone growth, though it would raise inflation. He called market bets on four more ECB rate cuts next year a meaningful scenario but said the ECB could change course if data required it.
A weaker euro makes euro zone exports cheaper and dollar-priced imports like feed ingredients dearer for European buyers, which can shift trade flows and the relative cost of US and Brazilian feed.
reuters.comDivya ChowdhuryDec 18, 2024After 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.
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.
