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EUR/USD rose to 1.1974, its highest since Sept 1, on Nov 30 as the safe-haven dollar extended losses on vaccine hopes. The pair was set to finish November with gains of at least 2%, while traders awaited German CPI data.
Dollar weakness supports dollar-priced commodity demand from non-US buyers, but the move is a routine currency wrap without a new policy or supply driver.
octaafrica.netNov 30, 2020Not 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.
