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IG analysts reported EUR/USD had topped out at $1.1009 the previous week, before a sell-off after ECB president Lagarde said rate cuts had not been discussed. GBP/USD had hit a near four-month high of $1.2794.
Technical currency levels have no direct bearing on feed commodity supply or demand, so the impact on prices is minimal.
ig.comAxel RudolphDec 18, 2023Not enough comparable past events yet for a historical read.
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.
