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EUR/USD analysis argues the euro's recent bounce will end after a dovish ECB and new lockdowns in Germany and France. The article notes that rates are already at -0.50% and that the ECB could expand its PEPP bond purchases.
It also flags uncertainty from the U.S. election.
A weaker euro strengthens the dollar, which can pressure dollar-priced commodities and affect export competitiveness. The impact on feed markets is secondary.
currencylive.comFiona CincottaOct 29, 2020After 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.
