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EUR/USD briefly rose after Eurozone CPI showed softer headline inflation, but fell back to around 1.0560 after US consumer confidence and Eurozone GDP data. Eurozone GDP contracted 0.1% in Q3, and core inflation eased to 4.2%.
Persistent US economic strength and a Eurozone contraction keep the dollar bid, which pressures dollar-priced grain and oilseed export values. Expectations of higher-for-longer rates weigh on the euro.
brokerxplorer.comAisha AmajidaOct 31, 2023After 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.
