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The ECB reported that the euro's share of global foreign exchange reserves fell by one percentage point to 20% in 2023, with official managers net selling about 100 billion euros of euro assets. The share of the dollar, yen and other currencies rose.
Reserve diversification shifts are a slow-moving structural factor for currency demand and have little direct effect on near-term feed commodity prices.
reuters.comJun 12, 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.
