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EUR/USD rallied on 3 December 2017 after eurozone November CPI came in slightly below consensus, while US PCE showed a small upside surprise. The move was attributed largely to month-end flows.
Short-term euro moves against the dollar shift the relative cost of dollar-priced commodities for European importers. This routine FX commentary has no new fundamental cause for grain or feed markets.
exchangerates.org.ukJames ElliotDec 3, 2017Not enough comparable past events yet for a historical read.
Not 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.
