Loading…
EUR/USD touched an intraday low of 1.1515 as Italian political parties called for new elections after the president vetoed their proposed economy minister. Strategists warn the euro could fall toward 1.0860 if eurozone breakup fears intensify.
A weaker euro strengthens the dollar against currencies that price many feed imports, and breakup risk adds volatility to European demand and currency-linked feed purchasing decisions.
poundsterlinglive.comJames SkinnerMay 29, 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.
