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Goldman Sachs FX strategists keep a constructive medium-term euro forecast, seeing EUR/USD rising toward 1.10 over coming months. They are not yet recommending a buy because the Ukraine war remains a tail risk.
A forecast euro recovery would modestly ease dollar import costs for European feed buyers and weigh slightly on dollar-based commodity demand.
poundsterlinglive.comGary HowesMay 31, 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.
