Loading…
S&P Global Ratings expects the euro to stay weak against the dollar until mid-2019 as the Fed tightens faster than the ECB, which is not expected to raise rates before summer 2019. The euro was down 2.24 percent year-to-date near 1.173 per dollar.
A persistently strong dollar tends to pressure dollar-denominated commodity prices and can make US feed exports less competitive against euro-based buyers' alternatives.
thenationalnews.comDania SaadiSep 26, 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.
After 2,356 past bullish macro events, US Dollar (Broad) 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.
