Loading…
The euro rose to 1.1012 against the dollar after Destatis reported German Q3 GDP growth of 0.1%, avoiding a technical recession. The prior quarter's contraction was revised to 0.2%, and Morgan Stanley expects a slow euro rise in 2020.
Better German growth supports eurozone demand for feed and livestock products, while a firmer euro modestly eases import costs for European feed buyers.
poundsterlinglive.comJames SkinnerNov 14, 2019After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), 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.
