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A Reuters poll found the euro is expected to stay weak but avoid parity with the dollar for now. The single currency had fallen to a two-year low near $1.03 on euro zone growth concerns and expectations of more ECB rate cuts.
Expectations of continued euro weakness and further ECB easing support a stronger dollar, which tends to pressure dollar-denominated grain and oilseed prices.
reuters.comSarupya GangulyDec 4, 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.
