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Oxford Economics expects the euro to stay weak against the dollar this year and to begin recovering next year. Its forecast assumes a faster pace of Fed rate cuts than markets currently price in.
A forecast of continued dollar strength through this year keeps import costs for euro-area buyers of dollar-priced feed ingredients elevated.
oxfordeconomics.comSanele MjikaneApr 26, 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.
