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The euro fell against major rivals after ECB minutes showed officials viewing euro strength as a bigger concern than before. Members said recent currency moves reflected monetary policy shocks rather than improved fundamentals, and that the rally could threaten QE wind-down plans.
Concern over a strong euro that could slow inflation and growth shows how currency swings alter relative import costs for European feed buyers, with a stronger euro lowering dollar-priced commodity costs.
poundsterlinglive.comJames SkinnerApr 12, 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.
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.
