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EUR/USD spiked to 1.1092 on hawkish-sounding ECB comments from Governing Council member Klaas Knot, then fell back to about 1.1060. The dollar index rose toward 98.50 after US Q2 GDP was confirmed at 2%.
Knot said markets had overdone expectations for a September decision.
Routine currency moves with no lasting shift in fundamentals; the dollar's direction matters only marginally for grain export competitiveness.
forexcrunch.comFX StreetAug 29, 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.
