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Credit Suisse maintains a bearish euro view while the ECB stays dovish, and says the euro could recover if Eurozone wage growth reaches 3%. ECB chief economist Philip Lane said wage growth is the key metric to watch for a hawkish shift.
Currency strategy views affect the dollar's trend and therefore dollar-priced grain and oilseed values, but the commentary carries little direct supply-side impact.
poundsterlinglive.comGary HowesJan 26, 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.
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.
