Loading…
ING commented after the January 23, 2020 ECB meeting that policy was unchanged and no normalisation signals emerged. It forecast EUR/USD stabilising near 1.1000 in coming weeks and months.
A flat euro outlook near 1.10 implies little change in dollar-based feed commodity pricing from currency effects. Buyers should not expect a major currency shock from Europe.
think.ing.comJan 23, 2020After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
