Loading…
EUR/USD fell sharply to a low of 1.1356 after the ECB meeting, as Draghi's remarks that the economy had been weaker than expected failed to restore confidence. Analysts cited the Italy political dispute and trade war concerns.
A sharp drop in the euro strengthens the dollar against a major trading currency, which tends to put modest downward pressure on dollar-priced U.S. grain and meal.
exchangerates.org.ukJohn CameronOct 25, 2018After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
