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Currency strategists at Morgan Stanley, Credit Agricole and TD Bank forecast a stronger euro in 2019, while money managers such as Janus Henderson and Allianz are positioned for weakness. The euro traded near $1.14 after falling about 5 percent against the dollar in 2018.
Divergent forecasts reflect uncertainty about the dollar's direction, which affects dollar-denominated feed commodity prices and import costs for euro-area buyers.
gulftime.aeDec 25, 2018After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
