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Societe Generale analyst Kit Juckes says the euro's strength reflects ECB policy and that the currency is likely to return toward purchasing-power parity over time. EUR/USD was cited at about 1.33 at the end of 2017.
A long-run move toward PPP parity would strengthen the euro against the dollar, lowering the local-currency cost of dollar-priced commodities for European buyers. The effect on feed prices is indirect and gradual.
octaafrica.netDec 29, 2017After 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.
