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The euro fell sharply against the dollar, sterling and the Swiss franc after weak German GDP and Eurozone quarterly growth data. Bundesbank President Jens Weidmann also signaled concern about slowing growth and inflation.
The euro-dollar rate traded near $1.1447.
Weak euro-area growth lowers expected demand for animal protein and feed in Europe and pressures the euro, which can lift dollar-priced commodities. The effect on feed markets is limited.
exchangerates.org.ukElaine HoustenJan 31, 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.
