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Rabobank's Jane Foley says the market has positioned for significant monetary easing ahead of the September 12 ECB meeting. She maintains a forecast that EUR/USD will trade at 1.10 over one to three months.
Fed rate cut expectations and US fiscal policy are also in play.
A bearish euro outlook from a major bank points to a firmer dollar, which can pressure dollar-priced commodity values.
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.
