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Speculators raised bets against the euro to their highest level in almost three months, according to CFTC data to August 13. Markets expect the ECB to ease policy further on September 12.
Germany's central bank warned the economy could tip into recession.
Heavy short positioning and easing expectations point to continued euro weakness, which tends to support a stronger dollar and weigh on dollar-priced commodities.
irishexaminer.comFergus FinlayAug 20, 2019After 533 past bearish macro events, EURUSD 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.
