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EUR/USD fell more than 30 pips after reports that the ECB is considering new TLTRO loans to commercial banks, which were read as a sign banks may need funds. The pair erased its weekly gains and slipped toward 1.1374.
A weaker euro versus the dollar makes US commodities pricier for euro-zone buyers, a minor bearish factor for US export demand.
octabroker.comNov 2, 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.
