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Danske Bank said EU reports of a possible excessive deficit procedure against Italy knocked EUR/USD about 10 pips lower, which it saw as too small to be a market mover. The bank said the main question for the week is whether current dovish Fed pricing is justified.
It flagged that weak PMI data would need confirmation from further Fed signals.
Currency moves tied to the Fed's policy path can shift dollar-priced commodity values, but this commentary points to only small effects.
forexcrunch.comFX StreetMay 28, 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.
