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Sterling fell to $1.30 after UK inflation slowed to 2.6% in June, and the euro rose to a 10-week high against the dollar. European stock indices fell and US stocks opened lower as the dollar weakened.
Currency swings of this kind change the sterling and euro cost of dollar-priced feed and grain imports, with only a modest direct effect on commodity prices.
bbc.co.ukJul 18, 2017Not enough comparable past events yet for a historical read.
After 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.
