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The euro fell after November eurozone inflation came in below expectations, with headline CPI at 2% and core inflation at 1%. Core inflation has not risen in 2018, increasing pressure on the ECB to signal a more dovish stance.
Expectations of a dovish ECB tend to weaken the euro against the dollar, which makes US-priced commodities relatively more expensive for European buyers and can soften US export demand.
poundsterlinglive.comJames SkinnerNov 30, 2018After 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.
