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The euro fell against a resurgent dollar as analysts downgraded forecasts after the ECB signalled a new rate-cut and QE programme. UBS tipped the euro as a sell, and MUFG and ING flagged downside risks.
Expected sustained euro weakness through the coming months supports dollar-priced US feed commodities relative to European currencies. Forecast downgrades suggest the trend is broadly anticipated.
poundsterlinglive.comJames SkinnerJul 26, 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.
