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The euro is attracting buyers during risk-asset sell-offs, supported by haven flows, carry-trade unwinds and an improving European growth and inflation outlook. Markets are not pricing ECB rate hikes until at least 2019, and the euro has not yet decisively broken above $1.20.
A firmer euro against the dollar tends to support dollar-priced commodities, while risk-off flows can add volatility to commodity markets that feed buyers hedge.
thepeninsulaqatar.comThe Peninsula NewspaperNov 17, 2017Not 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.
