Loading…
On March 26 the pound traded near $1.19 and was described as historically cheap, while the euro rallied above $1.09 for the first time that week. The dollar's dominance was shaken during periods of positive sentiment in equity markets, despite a US fiscal package passing the Senate.
A firmer euro and softer dollar tend to support dollar-priced commodities, but this is a routine currency wrap with little direct effect on feed supply or demand. Its market impact is small.
exchangerates.org.ukFrançois AuréMar 26, 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.
