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The EUR/USD was trading below 1.22 as analysts at Citi and others argued euro weakness reflected weak German data and trade-war risks. Strategists advised buying euros as quantitative easing ends in September 2018.
Expectations of a firmer euro would raise the local-currency cost of US dollar-priced commodities for European feed buyers, while trade-war risk is a downside factor.
exchangerates.org.ukFrançois AuréApr 26, 2018After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
