Loading…
The euro dropped on Friday after mixed German PMIs, weaker eurozone growth, and ECB President Lagarde calling for fiscal stimulus. Stronger-than-expected US Markit PMIs and a firmer FOMC minutes tone supported the dollar, pushing EUR/USD below 1.1050.
A firmer dollar lowers the local-currency cost of US feed commodities for importers' currencies less than it raises them for euro buyers, so it shifts relative trade competitiveness for grain and meal flows.
investing.comNov 22, 2019Not 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.
