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Eurozone inflation held at 1% in August and core inflation surprised lower at 0.9%. German retail sales slipped, raising recession risk.
Technical analysts at Commerzbank expect the euro to fall further.
Weak euro-area data increases expectations for ECB easing, supporting a stronger dollar that can weigh on dollar-denominated commodity prices.
poundsterlinglive.comJames SkinnerAug 30, 2019After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
