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The euro briefly rose above $1.12 before settling near $1.1188 after political risk in Italy temporarily weighed on it. Markets are watching eurozone inflation data, with expectations of 1.5% down from 1.9%.
Euro moves on Italian political risk and inflation data shift dollar strength, which feeds into dollar-denominated grain and oilseed price direction.
currencylive.comFiona CincottaMay 31, 2017After 388 past bullish macro events, EURUSD 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.
