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The euro traded near 1.0939 against the dollar on June 28 after German consumer confidence fell and the Ifo business climate index dropped to its lowest level this year. Markets were awaiting ECB President Lagarde's remarks at the Sintra forum.
Weak German sentiment and expectations of further ECB hikes create two-way currency risk that affects the dollar value of European feed imports. The effect on feed ingredient prices is limited.
investing.comKenny FisherJun 28, 2023After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), 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.
