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MUFG says the euro has stayed weak since the ECB meeting, but stronger-than-expected eurozone activity and inflation data should limit a sharper sell-off. Economists expect the ECB to keep delivering larger hikes.
Persistent euro weakness raises the cost of dollar-priced feed imports for European buyers, while stronger activity data supports demand. Net effect on feed prices is small.
teletrade.orgOct 31, 2022After 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.
