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ING analysts said the euro spiked after Draghi's cautious comments on the timing of stimulus reduction. They see EUR/USD testing 1.1714 but think a sustained break above 1.2000 is unlikely for now.
They also see further upside in German bund yields as the ECB moves toward normalization.
Forecasts of euro strength reflect continued dollar softness, which tends to support dollar-priced commodities and emerging-market currencies in the near term.
think.ing.comJul 20, 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.
