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EUR/USD has been range-trading in February between about 1.1960 and 1.2170 after a January dip below 1.20. BofA sees a possible fall on US economic exceptionalism, while ING sees a rise on global and European reflation.
The ECB has signaled concern about the euro's rally.
Diverging bank forecasts leave the euro direction uncertain, which matters for European buyers pricing US-dollar grain and feed imports.
poundsterlinglive.comJames SkinnerFeb 18, 2021After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), 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.
