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The European Commission published non-binding proposals to increase the euro's role in international payments and as a reserve currency, aiming to challenge dollar dominance. The proposals are not binding and carry no immediate policy effect.
Long-term efforts to reduce dollar dominance could eventually alter currency pricing of commodities, but the near-term impact on feed markets is negligible.
reuters.comFrancesco GuarascioDec 5, 2018After 12 past policy events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (75% higher; middle half -0.1% to +1.0%), and +0.7% 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.
