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EUR/USD fell as European currencies lagged and the dollar advanced, even after eurozone inflation rose to 0.9% in January from -0.3%. Core inflation rose to 1.4%, above consensus.
Analysts said the data were partly anticipated and the 1.20 level offers support.
A weaker euro against a firm dollar makes US commodities relatively more expensive for euro-based buyers, though the effect on feed prices is modest.
poundsterlinglive.comJames SkinnerFeb 3, 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.
