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The euro fell against the dollar after German producer prices unexpectedly dropped 0.4 percent month on month, the sharpest decline since March 2016. German PPI growth also slowed on an annual basis.
Markets were watching the ECB ahead of its next meeting.
Weaker German price and output data signal softer euro-area demand and a weaker euro, which can lift dollar-priced commodities. The impact on feed prices is limited.
exchangerates.org.ukElaine HoustenJan 21, 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.
