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The euro has rebounded against the dollar as markets cut expectations for ECB rate cuts in 2024, now priced at 85bps from 141bps. Analysts expect German CPI to ease to 2.7% and eurozone CPI to 2.5%.
Shifting rate expectations are a currency-level driver with little direct effect on feed commodity supply or demand.
tastylive.comIlya SpivakFeb 27, 2024After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
