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MUFG analysts say the euro's downside against the dollar is limited, and the currency can recover even without ECB rate hikes. The euro has fallen only about 0.29% against the dollar despite weak eurozone data.
MUFG attributes this resilience partly to the euro area's large current account surplus.
A limited euro downside means dollar-priced commodity import costs for European buyers are less likely to rise sharply. The view is a currency forecast with little direct effect on feed supply.
poundsterlinglive.comJames SkinnerFeb 5, 2019Not 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.
