Loading…
The euro held below $1.06 and was last down 0.6% at $1.052 after ECB President Lagarde said the bank would move gradually but could act decisively if medium-term inflation deteriorated. The ECB is widely expected to raise rates in July to curb soaring inflation.
A firmer dollar against the euro tends to make US dollar-priced grains and meal less competitive for European buyers and can weigh on dollar-denominated commodity prices.
reuters.comHannah LangJun 28, 2022After 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.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
