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The euro was flat on Friday but fell 0.32% over the week, leaving it down 0.61% for 2021. Stock market losses and ECB rhetoric about euro strength weighed on the currency.
The article also flags a vaccine export crisis, with EU export restrictions on coronavirus vaccines taking effect.
Expected euro weakness in the near term would modestly firm the dollar and pressure dollar-denominated commodity prices. The effect is likely small given the modest weekly move.
poundsterlinglive.comJames SkinnerJan 31, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
