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The euro-dollar pair has been fairly steady this week despite coronavirus concerns spreading to Italy. Eurozone data beat forecasts while the dollar was volatile, and a commentary expects the pair to move lower in the short term.
Expectations for a softer euro would modestly strengthen the dollar, which can pressure dollar-priced commodity prices. The move is routine currency commentary with no new commodity-specific driver.
exchangerates.org.ukColin LawrenceFeb 24, 2020Not 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.
