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Barclays analysts dropped their forecast of euro-dollar parity for 2017, citing accelerating inflation and stronger economic data. They expect the euro to rebound from political-risk pricing ahead of this year's eurozone elections, following the Dutch vote rejecting a far-right challenge.
A firmer euro would raise the dollar cost of European imports of US feed grains and meals, while a weaker dollar supports US export competitiveness.
ft.comMar 24, 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.
