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EUR/USD fell sharply after the ECB said it expects to end QE in December and keep rates unchanged through summer 2019. Analysts at ING say the sell-off looks overdone because the guidance was largely priced in.
They expect the euro to recover over the next one to two years as portfolio flows return.
Analyst views on a possible euro rebound are a market opinion, and the currency move affects dollar-priced feed commodities only indirectly.
think.ing.comChris TurnerJun 14, 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.
