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Euro-funded carry trades have gained as the ECB stays more dovish than the Fed, which signalled possible tapering this year. Some investors are using the euro to finance emerging-market currency purchases.
Euro funding flows affect the euro and emerging-market currencies, which can influence local-currency import costs for feed buyers. The direct effect on grain prices is limited.
businesstimes.com.sgAug 29, 2021After 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.
