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A FrontierView analysis expects the ECB to deliver a 50-basis-point hike in July, earlier than previously expected, after Lagarde signaled gradual tightening. The euro hit about 0.96 per dollar in mid-May amid fears of parity.
Expected ECB tightening should steady the euro, which lowers dollar-denominated feed and energy import costs for Europe and reduces pressure on eurozone feed buyers.
frontierview.comMartin BelchevMay 26, 2022After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), 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.
