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Analysts on Bloomberg said euro-area inflation looks intact, so the ECB could tighten policy faster than markets price in. EUR/USD was sitting at resistance on 31 July after the post-ECB drop.
Expectations of faster ECB tightening would support the euro against the dollar, which would make dollar-priced feed commodities relatively cheaper for European buyers.
investinglive.comDane WilliamsJul 31, 2018Not enough comparable past events yet for a historical read.
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.
