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The European Commission's monthly survey showed eurozone economic confidence fell for a 10th straight month in April to its lowest since September 2016. Industrial confidence weakened and German confidence reached a three-year low, reflecting pressure from the car industry.
The ECB has already extended its stimulus and hopes for a turnaround later in 2019.
Persistent euro-area weakness raises the likelihood of a weaker euro, which tends to support US export competitiveness and pressures dollar-priced feed commodities.
thenationalnews.comBloombergApr 29, 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.
