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ING's FX preview says the ECB's message on QE was clear, with the formal end-date still planned for later in 2018. It highlights the Italian budget dispute, the upcoming S&P ratings decision on Italy and Brexit talks as key euro drivers.
Political risk in Italy and wider euro weakness can move EUR/USD and the dollar, which affects dollar-priced feed commodities for European buyers.
think.ing.comOct 26, 2018After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% 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.
