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ECB policymaker Ewald Nowotny said the ECB is concerned that the United States is politically influencing exchange rates. He said the issue will be raised at upcoming G20 meetings.
The comments were made in an interview with Austrian broadcaster ORF.
Currency-policy tension between the US and Europe raises uncertainty around the dollar's direction, which feeds into dollar-priced commodity values. The impact on feed prices is indirect and limited unless it leads to actual policy moves.
reuters.comFeb 11, 2018After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
